news release re; subscription shares-insiders toofrom stockwatch....
Southern Pacific subscription receipt financing
2009-10-30 16:32 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Oct. 9, Oct. 15 and Oct. 23, 2009.
Shares: 104 million subscription receipts. Each subscription receipt entitles the holder to one common share without payment of additional consideration.
Purchase price: 50 cents
Hidden placees: 92
Pro groups: Timothy Lesevich 50,000; John Gtervan 50,000; Patrick Robinson 350,000; Fadia Rahal 50,000; Bruce McDonald 300,000; Amy Chan 12,400; Graham Saunders 100,000; Canaccord Capital Corp. (Wain Stushnoff) 100,000
Insiders: Jon Clark 20,000; Kathy Lutes 150,000; Dave Antony 100,000; Synerg Resources (Tibor Fekete) 50,000; Livia Fekete 50,000; Glen Miller 20,000
Agents' fees: $2,061,373 cash payable to BMO Nesbitt Burns Inc.; $761,412 cash payable to Canaccord Capital Corp.; $152,620 cash payable to Raymond James Ltd.; $144,595 cash payable to Byron Capital Markets