RE:Cheap 8 cent financing, and more dilutionThey just sold 25% of the company at 8 cents. Strange to see the price jump so much
---------------------------------------------------------------------------------------------------------------------
Golden Reign 38,598,000-share private placement
2016-03-21 18:29 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 10, 2016.
Number of shares: 38,958,000 shares
Purchase price: eight cents per share
Number of placees: 61 placees
Insider: Lindsay Mine Services Ltd. (Kevin Bullock), 100,000; John Conlon, 7,381,000; A.H. (Braam) Jonker, 700,000; Rael Lipson, 160,000; Marlin Gold Mining Ltd., 9.6 million
Finder's fee: Leede Jones Gable, $5,670 cash and 70,875 warrants; Medalist Capital Ltd., $16,800 cash and 210,000 warrants; Haywood Securities, $6,160.00 cash and 77,000 warrants; PI Financial Corp., $3,640.00 cash and 45,500 warrants; All Group Financial Services, $1,120.00 cash and 14,000 warrants; Foster & Associates Financial Services, $18,256.00 cash and 228,200 warrants; Adriana Alexis, $840 cash; Donald Weinert, $560 cash and 7,000 warrants; John Walter, $1,260 cash and 15,750 warrants; John Clarke, $3,500 cash and 43,750 warrants