Post by
Stooge on Dec 31, 2013 2:52pm
Private Placement Blow-Off Today
QUOTES from news releases. Hope nobody here got caught up buying into this promo. ------------------------- 2013-08-28 14:13 PT - Private Placement The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced Aug. 16, 2013. Number of shares: 1,348,000 flow-through shares Purchase price: 12.5 cents per flow-through share Number of shares: 5,702,700 non-flow-through shares Purchase price: 10 cents per non-flow-through share Warrants: 7,050,700 share purchase warrants to purchase 7,050,700 shares Warrant exercise price: 15 cents for a one-year period Number of placees: 48 placees Insiders: Anne Jemison, 100,000; Zimtu Capital Corp., one million Total pro group involvement: 400,000 (three placees) Finders' fees: Canaccord Genuity Corp., $8,558.90 cash and 82,089 finder units payable; Leede Financial Markets Inc., $2,100 cash and 21,000 finder units payable; Macquarie Private Wealth Inc., $1,312.50 cash and 10,500 finder units payable; PI Financial Corp., $8,312.50 cash and 80,500 finder units payable (Each finder's unit consists of one common share and one share purchase warrant exercisable into one common share at 15 cents for one-year from closing.) All of the securities issued under the first tranche of the offering are subject to a hold period expiring on Dec. 31, 2013.