Tiex four-million-NFT-, 801,334-FT-share financing Tiex four-million-NFT-, 801,334-FT-share financing
2012-01-06 05:39 PT - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for Tiex Inc. announced Nov. 9, 2011:
Number of shares: four million non-flow-through shares; 801,334 flow-through shares
Purchase price: 10 cents per non-flow-through share; 12 cents per flow-through share
Warrants: 4,801,334 share purchase warrants to purchase 4,801,334 shares
Non-flow-through warrant exercise price: 15 cents for a two-year period
Flow-through warrant exercise price: 17 cents for a two-year period
Placees: 19
Insiders: Wade Black 1.5 million on-flow-through; Scott Jobin-Bevans 1.17 million non-flow-through; Mr. Jobin-Bevans 166,667 flow-through; Ken Faulkner 85,000 flow-through; Thomas Martin 41,667
Pro groups: Wendell Zerb 100,000 flow-through; Bruce McClmont 100,000 flow-through; Nicholas Campbell 83,333 flow-through
Finders' fees: $2,720 payable to Canaccord Genuity Corp.; 104,000 non-flow-through units payable to Scarsdale Equities LLC