Financing participation...SERNOVA CORP. ("SVA")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: June 29, 2011
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced May 10, 2011:
Number of Shares: 5,337,914 shares
Purchase Price:
.19 per share
Warrants: 5,337,914 share purchase warrants to purchase 5,337,914 shares
Warrant Exercise Price:
.20 for a one year period
.35 in the second year
Number of Placees: 37 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
George Adams Y 85,000
Philip Toleikis Y 78,947
James Rogers P 132,000
Agent's Fee: $29,693.20, Corporate Finance Fee of$25,000, and 195,950 non-transferable Broker Warrants exercisable at aprice of
.19 for an 18 month period, payable to Macquarie PrivateWealth Inc.
Pursuant to Corporate Finance Policy 4.1, Section1.11(d), the Company must issue a news release announcing the closing ofthe private placement and setting out the expiry dates of the holdperiod(s). The Company must also issue a news release if the privateplacement does not close promptly. [Note that in certain circumstancesthe Exchange may later extend the expiry date of the warrants, if theyare less than the maximum permitted term.]