SPECTRA7 MICROSYSTEMS INC. ("SEV")
BULLETIN TYPE: Private Placement -Brokered
BULLETIN DATE: November 2, 2021
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 7, October 15 and October 26, 2021:
Number of Shares: 11,183,990 shares
Purchase Price: $1.32 per share
Number of Placees: 65 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Roger Maggs Y 75,757
Christopher Morgan Y 500,000
Bonnie Tomei Y 40,000
Pathfinder Asset Mangement Inc.(Rob Ballard) Y 3,787,900
Aggregate Pro Group Involvement P 405,400
[7 placees]
Agent's Commission: Cormark Securities Inc. $542,558 cash and 411,028 Broker Warrants payable. Each Broker Warrant is exercisable into one common share at $1.32 for two years from closing.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.