TSXV:AALI.H - Post by User
Comment by
spring2010on Jul 23, 2010 11:12pm
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Post# 17293887
oct 9 hold period ends
oct 9 hold period endsADVANCE GOLD CORP. ("AAX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 14, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced June 9, 2010:
Number of Shares: 2,000,000 shares
Purchase Price:
.06 per share
Warrants: 1,000,000 share purchase warrants to
purchase 1,000,000 shares
Warrant Exercise Price:
.10 for a one year period. The warrants
are subject to an accelerated exercise
provision in the event the Company's shares
trade at
.25 or greater for 20 consecutive
trading days after the four months and one
day after closing.
Number of Placees: 7 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
James T. Gillis Management
(James T. Gillis) Y 500,000
Alvin F. Ritchie P 400,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement
and setting out the expiry dates of the hold period(s). The Company must
also issue a news release if the private placement does not close
promptly. Note that in certain circumstances the Exchange may later
extend the expiry date of the warrants, if they are less than the maximum
permitted term.