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VMS Ventures 16.67-million-share private placement
2007-05-03 17:15 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced March 16, 2007.
Number of shares: 10,724,004 non-flow-through shares and 5,945,999 flow-through shares
Purchase price: 15 cents per share
Warrants: 5,362,000 warrants to purchase 5,362,000 shares
Warrant exercise price: 20 cents for an 18-month period
Hidden placees: 130
Insiders: Angela Roozendaal 20,000; Richard Mark 200,000; John Roozendaal 330,000; and George Gale 150,000
Pro groups: Alnoor Versi 50,000; Dr. J. Hannibhai 50,000; Bob Duncan 20,000; Daniel Seiter 150,000; Chris Stewart 133,332; Steve Brill 30,000; Bryan Tretiak 50,000; Pey-Ming Liu 50,000; Wendi Wong 50,000; Azim Dhalla 50,000; Li Zhu 50,000; Angela Chin 20,000; Julie Catling 25,000; Dean Duke 50,000; Bill Godson 150,000; Martin Burian 80,000; Charlotte Faulkner 60,000; Shawn Chin 50,000; John Comi 100,000; Michele Cappuccitti 102,333; Jane Kinney 100,000
Agents' fees: Integral Wealth Securities Ltd. -- $16,596 cash; Canaccord Capital Corp. -- $3,840 cash and 36,000 units; Union Securities Ltd. -- $6,690 cash and 17,400 units; Tom Unger -- 88,000 units; Coal Harbor -- $24,934 cash; David Taylor -- $3,240 cash; NBCN Inc. -- $30,000 cash and 120,000 units; Bolder Investment Partners Ltd. -- $2,880 cash and 32,000 units; Novadan Capital Ltd. -- 80,000 units; Dean Duke -- $5,400 cash; Shafin Hirji -- 8,000 units; First Canadian Capital Markets Ltd. -- 80,000 units
Each unit consists of one share and one-half share purchase warrant exercisable at 20 cents for an 18-month period.