Sunvest closes private placement for $1.6-million Sunvest closes private placement for $1.6-million
2016-10-07 18:54 ET - News Release
Mr. Mike England reports
SUNVEST MINERALS CORP. CLOSES PRIVATE PLACEMENT
Further to the news release dated Sept. 7, 2016, Sunvest Minerals Corp. has completed a non-brokered private placement of 9,454,182 units at a price of 17 cents per unit for aggregate gross proceeds of $1,607,210.94.
Each unit is composed of one common share and one-half share purchase warrant of the company. Each full warrant will entitle the holder to purchase one share at a price of 25 cents per warrant share until Oct. 7, 2018.
All securities issued pursuant to the closing of the NFT units are subject to a hold period expiring on Feb. 8, 2017.
The company paid cash commissions to the finders totalling $120,654.65 and issued 521,063 finders' warrants exercisable for 12 months at 25 cents. First Republic Capital Corp. of Toronto acted as exclusive lead finder.
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