TorontoMineralMiningDescription
MacDonald Mines Exploration Ltd. (TSXV:BMK) (“MacDonald Mines” or the “Company”), further to its press release of October 12, 2022, wishes to clarify that the $1.5m non-brokered financing (the “Offering”) will consist of (i) up to a maximum of up to $500,000 of units (the “Units”) at a price of $0.10 per Unit, and (ii) up to $1,000,000 of Class A common shares (the “FT Shares”), each such share qualifying as a “flow-through share” within the meaning of the Income Tax Act (Canada), at a price of $0.13 per FT Share. Each Unit will consist of one Class A common share (a “Common Share”) in the capital of the Company and one-half (1/2) of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”) of the Company. Each Warrant shall be exercisable to acquire one Common Share at a price of C$0.15 per share for a period of 24 months from the closing date of the Offering