Great Lakes Graphite 16,084,333-share private placement Great Lakes Graphite Inc (C:GLK)
Shares Issued 101,227,645
Last Close 7/25/2016 $0.07
Monday July 25 2016 - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 21, 2016.
Number of shares: 8,419,333 flow-through shares, 4,505,000 non-flow-through shares and 3.16 million non-flow-through shares Purchase price: 7.5 cents per share, seven cents per share and seven cents per share, respectively Warrants: 3.16 million share purchase warrants to purchase 3.16 million shares Warrant exercise price: 10 cents for a two-year period Number of placees: nine placees Insider: Frank Ferguson, 4,505,000 Total pro group involvement: 50,000 (one placee) Finders' fees: an aggregate of $38,876, plus 406,880 finder warrants, each exercisable into one common share at a price of 7.5 cents for a period of three years, and 48,000 finder warrants, each exercisable into one common share at a price of 10 cents for a period of two years, payable to Marquest Asset Management and Foster & Associates
Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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