Each special warrant gives the right to holder to acquire one unit of Energizer, comprising one common share and one-half of one common share purchase warrant.
The offering is co-led by two agents, and could include a selling group, and is expected to close by 16 March 2015, subject to approval of the applicable regulatory authorities.
The agents will receive a commission of 7% of gross proceeds, and have an option to sell an additional 7,500,000 special warrants for additional proceeds of up to C$900,000.
The proceeds from the offering will be used to speed up of certain aspects of the project that are performed after the feasibility study, and to conduct site visits with potential strategic partners, required property related payments and general working capital requirements.
