News
Sphinx Resources private placement
2020-08-24 19:16 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.
Number of securities: 300,000 flow-through common shares; 2,275,000 non-flow-through common shares
Purchase price: five cents per flow-through common share; three cents per non-flow-through common share
Warrants: 150,000 common share purchase warrants underlying the flow-through common shares to purchase 150,000 shares at a price of seven cents per share; 2,275,000 common share purchase warrants underlying the non-flow-through common shares to purchase 2,275,000 shares at a price of five cents per share
Warrants exercise price: seven cents per share underlying the flow-through common shares for a period of 36 months following the closing of the private placement; five cents per share underlying the non-flow-through common shares for a period of 36 months following the closing of the private placement
Number of placees: 10 placees
Insiders: Jeremie Ryan, 200,000; IM Capital Inc. (Ingrid Martin), 500,000; Lawrence Cannon, 333,334; Pierre-Andre Viens, 200,000
Finder's fee: A finder received a cash commission of $1,050.
The company has confirmed the closing of the private placement in news releases dated June 11, 2020, July 9, 2020, and Aug. 7, 2020.
© 2020 Canjex Publishing Ltd. All rights reserved