Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On July 24, 2024, we issued a warrant to purchase up to 75,000 shares (the “Consulting Warrant”) to Seton Services Ltd. in exchange for investor relations consulting services. The Consulting Warrant is exercisable beginning on the six month anniversary of issuance and expires on the fifth anniversary of issuance. The Consulting Warrant has an exercise price of $2.88 per share, subject to customary adjustments for stock dividends, stock splits, reclassifications and the like. The issuance was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act as a transaction by an issuer not involving a public offering.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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