Simba Energy 21,988,200-unit private placement 2014-06-27 19:49 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced June 9, 2014.
Shares: 21,988,200
Price: six cents
Warrants: 21,988,200 share purchase warrants to purchase 21,988,200 shares
Exercise price: 10 cents for a two-year period; 15 cents in the third and fourth years
Placees: 27
Insiders: Robert Dinning four million; John Burns 165,000; Keith Margetson 1.1 million; James D&&ick 1.15 million; Hassan Hassan 2.4 million
Finder's fee: $10,000 plus 307,000 warrants exercisable at 10 cents per share for a two-year period payable to Mark Sommer