Accepted filing, apparent strong support, placed. ECOMETALS LIMITED ("EC.H")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s, Remain Suspended
BULLETIN DATE: September 17, 2014
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 5, 2014:
| Convertible Debenture: | $500,000 | |
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| Conversion Price: | Convertible into common shares at $0.05 of principal outstanding | |
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| Warrants: | 10,000,000 share purchase warrants attached to purchase | |
| | 10,000,000 shares | |
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| Warrant Exercise Price: | $0.05 for a one year period | |
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| Maturity date: | February 26, 2015 | |
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| Interest rate: | 10% per annum | |
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| Number of Placees: | 1 placee | |
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| Insider / Pro Group Participation: | | |
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| | Insider=Y / | |
| Name | ProGroup=P | # of Shares |
| Siebels Hard Asset Fund Ltd. | | |
| (Russell Fryer) | Y | 20,000,000 |
| | | |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
Further to the TSX Venture Exchange bulletins dated August 1, 2014 and October 2, 2013, trading in the securities of the Company will remain suspended.
Note: The Company remains subject to the Cease Trade Orders issued by the British Columbia Securities Commission and the Alberta Securities Commission and as such the Company must remain in compliance with these Orders until they are revoked. Exchange acceptance of this private placement should not be construed as confirmation that this private placement is being completed in compliance with these Orders.
https://www.newswire.ca/en/story/1413248/tsx-venture-exchange-daily-bulletins