Peter Brown takes down 500,000 Dorato shares in PrThis is the same Peter Brown that bought ARU at $3.0 pre split and Bear Creek at $1.0. This is a very strong endorsement for Dorato.Peter Brown takes down 500,000 Dorato shares in Private Placement
Dorato 12-million-share private placement
Dorato Resources Inc (C:DRI)
Shares Issued 38,168,187
Last Close 4/3/2009 $0.65
Monday April 06 2009 - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced March 11, 2009.
Number of shares: 12 million shares
Purchase price: 50 cents per share
Warrants: six million share purchase warrants to purchase six million shares
Warrant exercise price: 65 cents for a two-year period
Number of hidden placees: 40 placees
Insider/pro groups: Peter M. Brown (pro group) 500,000; Peter Chandler (pro group) 100,000; Kim Dunfield (pro group) 100,000; Jack M. Sieb (pro group) 50,000; Gary Bogdanovich (pro group) 200,000; Carolyn Rogers (pro group) 50,000; Anton J. Drescher (insider) 60,000
Agent's fee: $420,000 cash, 1.2 million agent's warrants exercisable at 70 cents per share for two years and 100,000 agent's units with each unit consisting of one common share and one-half of share purchase warrant, each whole warrant entitling the agent to purchase one common share at 70 cents per share for two years, payable to Canaccord Capital Corp.
© 2009 Canjex Publishing Ltd.