TSX accepts PP docLooks like this is the second tranche - by my count thats 13,524,903 shares.
Skater
NORTH AMERICAN GEM INC. ("NAG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
the first tranche of a Non-Brokered Private Placement announced September 8,
2010:
Number of Shares: 3,623,825 shares
Purchase Price:
.08 per share
Warrants: 3,623,825 share purchase warrants to purchase
3,623,825 shares
Warrant Exercise Price:
.10 for a one year period
.12 in the second year
.15 in the third year
Number of Placees: 26 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P No. of Shares
David Hamilton-Smith P 100,000
Darrell Jamha P 62,500
Finders' Fees: $11,200 cash and 140,000 warrants with the same
terms as those issued pursuant to the private
placement payable to Canaccord Genuity Corp.
$11,500 cash and 143,750 warrants (same terms as
above) payable to Northern Securities Inc.
$6,420 cash and 80,250 warrants (same terms as
above) payable to Alex Kuznecov.
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.