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Cream Minerals 1,068,500-share private placement
2007-12-07 18:00 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of a non-brokered private placement announced Nov. 5, 2007.
Shares: 1,068,500
Price: 45 cents
Warrants: 534,250 share purchase warrants to purchase 534,250 shares
Exercise price: 55 cents for a one-year period; 65 cents in the second year
Hidden placees: 14
Pro groups: Dorothy Hoffert 15,000
Finders' fees: Wolverton Securities Inc. will receive $5,400 and 12,000 warrants, each exercisable for one share at a price of 55 cents per share in the first year and at a price of 65 cents per share in the second year. Canaccord Capital Corp. will receive $1,206 and 2,680 warrants, each exercisable for one share at a price of 55 cents per share in the first year and at a price of 65 cents per share in the second year. Bolder Investment Partners Ltd. will receive $18,000 and 40,000 warrants, each exercisable for one share at a price of 55 cents per share in the first year and at a price of 65 cents per share in the second year. Jones, Gable & Co. Ltd. will receive $12,600 and 28,000 warrants, each exercisable for one share at a price of 55 cents per share in the first year and at a price of 65 cents per share in the second year.
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