GREY:TWNNF - Post by User
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tradervik20on Dec 04, 2006 4:13pm
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Trelawney 9.62-million-FT-share private place
Trelawney 9.62-million-FT-share private placeTrelawney 9.62-million-FT-share private placement
2006-12-04 16:11 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 2, 2006:
Number of flow-through shares: 9,627,567
Purchase price: 18.5 cents per share
Warrants: 9,627,567 share purchase warrants to purchase 9,627,567 shares
Warrant exercise price: 40 cents in the first year
60 cents in the second year
Number of placees: 16
Insider participation: James Fairbairn, 120,000 shares; Wayne J. O'Connor, 300,000 shares
Finder's fee: Payable to Limited Market Dealer Inc. is the following: $70,000 and 605,405 compensation options. Each compensation option is exercisable into one unit (consisting of one common share and one common share purchase warrant) of the company at a price of 18.5 cents, for a period of two years, with each warrant further exercisable into one common share at the same terms noted above.