NEWS RELEASE
Intertainment 19,760,271-warrant private placement
2011-06-14 15:18 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 2, 2011.
Number of special warrants: 19,760,271 special warrants
Purchase price: $1.20 per special warrant
Special warrant terms: Each special warrant is exercisable for one common share and one-half of a common share purchase warrant at no additional cost, expiring on the earlier of the date in which the final receipt issued by the Ontario Securities Commission for a prospectus of the company in connection with the special warrants, and the date which is four months and one day following the closing of the private placement.
Warrants: 9,880,136 share purchase warrants to purchase 9,880,136 shares
Warrant exercise price: $2 for a two-year period
Hidden placees: 77 hidden placees
Pro groups: Curtis Gibbons, 10,000; Ross Colquhoun, 50,000; Thomas Diederichs, 20,000; Dale Reid, 20,000; Richard Donaldson, 48,333; Scott Bonertz, 20,000; Glen Cooke, 100,000
Insiders: David Lucatch, 780,724; Edward Jonasson, 85,000; Brad Parry, 50,000
Finders' fees: A total of $1,258,241.83 and 1,048,535 finder options payable to National Bank Financial, Global Maxfin Capital Inc., Jordan Capital Markets Inc., All Group Financial Services, Wellington West Holdings Inc., Arbora A.G., Stonecap Securities Inc. and Talman Alliance S.A. (Each finder option is exercisable into one common share and one-half of one common share purchase warrant at a price of $1.20 per finder option for a two-year period. Each whole warrant is exercisable into one common share at a price of $2 per share for a two-year period.)