Insiders buying - News Montan Mining 956,750-share private placement
2015-10-26 18:29 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 21, 2015.
Number of shares: 956,750 shares
Purchase price: eight cents
Warrants: 956,750 share purchase warrants to purchase 956,750 shares
Warrant initial exercise price: 12 cents
Warrant term to expiry: two years
Number of placees: six placees
Insider: nKwazi Resource Management Inc., 28,125 (Ian Graham and Linda Graham); Luis Zapata, 125,000
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.
The TSX Venture Exchange has accepted for filing the company's proposal to issue 471,875 shares and 471,875 share purchase warrants to settle outstanding debt for $37,750.
Number of creditors:one creditor
Warrant exercise price:12 cents for a one-year period