OTCQB:HLRTD - Post by User
Post by
lscfaon Jan 24, 2021 9:11am
![](https://assets.stockhouse.com/kentico-cms/0338-00/images/Sprite.svg#id_Post_Views_Icon)
336 Views
Post# 32370405
TSXV approval
TSXV approval Hillcrest Petroleum Ltd. ("HRH")
BULLETIN TYPE: Private Placement Non-Brokered
BULLETIN DATE: January 22, 2021
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 18, 2021:
Number of Shares: | 25,340,000 shares | |
| | |
Purchase Price: | $0.05 per share | |
| | |
Warrants: | 25,340,000 share purchase warrants to purchase 25,340,000 shares | |
| | |
Warrant Exercise Price: | $0.10 for a two-year period | |
| | |
Number of Placees: | 29 placees | |
| | |
| | |
Insider / Pro Group Participation: | | |
| | |
Name | Insider=Y / ProGroup=P | # of Shares |
Donald Currie | Y | 1,500,000 |
Aggregate Pro Group Involvement | P | 2,400,000 |
6 placees | | |
| | |
Finder's Fee: | Raymond James Ltd. – $20,960 cash and 419,200 finder's warrants. Venture Liquidity Providers Inc. – $12,800 cash and 256,000 finder's warrants. | |
| | |
| Each non-transferable finder warrant is exercisable into one common share of the Company at a price of $0.10 per share for a two-year period. | |
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release on January 18, 2021 announcing the closing of the private placement and setting out the expiry date of the hold periods. 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.