Pistol Bay closed a non-brokered private placement financing for total gross proceeds of $548,436.89, issuing 5,566,126 NFT units at a price of $0.07 per NFT unit and 1,764,534 FT unit at a price of $0.09 per FT unit. Gross hard dollars raised is $389,628.83 and FT dollars is $158,808.06.
The FT units are one common share and 1/2 share purchase warrant with each whole warrant priced at $0.15 for a period of up to 18 months.
Finder’s fees of $9,580 were paid and 50,000 finder’s warrants issued.
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