EL Nino first trench of PP
he TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced Nov. 21, 2011, and Feb. 2, 2012:
Number of shares: 540,000 flow-through shares and 2,780,385 non-flow-through shares
Purchase price: 15 cents per flow-through share and 13 cents per non-flow-through share
Warrants: 1,660,192 share purchase warrants to purchase 1,660,192 shares
Warrant exercise price: 25 cents for an 18-month period for warrants issued with the purchase of flow-through shares, subject to an acceleration clause; 23 cents for an 18-month period for warrants issued with the purchase of non-flow-through shares, subject to an acceleration clause
Number of placees: 15 placees