news
True North Gems seven-million-share private placement
2005-04-12 16:25 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 4, 2005:
Number of shares: 6,995,000
Purchase price: 40 cents per share
Warrants: 6,995,000 share purchase warrants to purchase 6,995,000 shares
Warrant exercise price: 50 cents for a two-year period
Number of placees: 32
Insider participation: RAB Special Situations LP, five million shares; Glacier Gems (John Small and G. Fekete), 62,500 shares; Agra Financial (John Small, G. Fekete, Eric Moore and Justin Rogers), 30,000 shares
Pro group participation: John Comi, 12,500 shares; 417006 Ontario Ltd. (A. Comi, J. Comi), 25,000 shares; Angela Comi, 12,500 shares; Keith Jacobsen, 10,000 shares
Finder's fee: $237,500, payable to Element & Associates; $13,200, payable to Canaccord Capital