Niogold private placementNiogold Mining 8.09-million-share private placement
2009-12-30 20:12 ET - Private Placement
TheTSX Venture Exchange has accepted for filing documentation with respectto a non-brokered private placement announced Dec. 7, 2009.
Number of shares: 2.69 million flow-through shares and5.4 million non-flow-through shares
Purchase price: 30 cents per flow-through share and 25 cents per non-flow-through share
Warrants: 4,045,000 share purchase warrants to purchase 4,045,000 shares
Warrant exercise price: 50 cents for a one-year period and 75 cents inthe second year (If the company's shares close at 75 cents or greaterfor a period of 10 consecutive trading days during the first year or $1or greater for a period of 10 consecutive trading days during thesecond year, the company may, upon notice to the warrantholders,accelerate the expiry date so that the warrants will expire on not lessthan 30 days after such notice.)
Hidden placees: 58 hidden placees
Insider: Toby Lim, 40,000 flow-through shares
Pro group: Thomas Seltzer, 80,000 non-flow-through shares
Finders' fees: First Canadian Capital Markets Ltd. receives $43,400and 172,800 non-transferrable warrants, each exercisable for one shareat a price of 25 cents per share for a two-year period; Leede FinancialMarkets Inc. receives $12,800 and 45,333 non-transferrable warrants,each exercisable for one share at a price of 25 cents per share for atwo-year period; Canaccord Capital Corp. receives $55,616 and 207,850non-transferrable warrants, each exercisable for one share at a priceof 25 cents per share for a two-year period; Axemen Resource CapitalLtd. receives 96,000 shares and 80,000 non-transferrable warrants, eachexercisable for one share at a price of 25 cents per share for atwo-year period