TSXV:EFV.H - Post by User
Post by
Unkindon Jan 13, 2006 8:07pm
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Post# 10174907
Private Placement
Private PlacementThe TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Dec. 20, 2005.
Number of shares: 860,000 flow-through common shares and one million common shares
Purchase price: 12.5 cents per flow-through common share and 12.5 cents per common share
Warrants: 1.43 million warrants to purchase 1.43 million common shares
Warrant exercise price: 20 cents for a period of 24 months following the closing of the private placement
Number of placees: Eight
Insider participation: Panares Resources Inc. (Ian L. Forrest ), 800,000; Douglas G Reeson, 100,000; Michel Blouin, 80,000
Pro group participation: Anthony Oram, 400,000
The company issued a press release dated Jan. 3, 2006, confirming the closing of the above-mentioned private placement.