International Zeolite Corp V.IZ

Did IZ Ever Drawdown From Alumina

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If they did, wouldn't they have to tell Shareholders as a Timely Disclosure?

April 20/21 - Under the financing facility with Alumina (the "Investment Agreement") International Zeolite, subject to certain customary conditions, may draw down through private placements up to CAD $4,000,000 million in tranches of up to CAD $250,000 each.

Each tranche shall be a private placement of units, to be comprised on one common share ("Common Share") and one Common Share purchase warrant ("Warrant").

The Warrants may not be exercised prior to the date, which is four months and one day from their date of issuance.

The Investment Agreement provides the Company with a financing facility over a period of 24 months during which the Company can draw down equity private placement tranches of up to CDN$250,000.

Each tranche will be composed of units with each unit consisting of one common share of the Company and one common share purchase warrant, at discounts between 15% and 25% of the closing price of the common shares on the day prior to the Company's drawdown notice to Alumina.

The exercise price of the warrants will be at a 25% premium over market at the time of the issuance.

Each drawdown from the investment may be subject to approval of the TSX Venture Exchange.

All securities issued pursuant to a financing under the Investment Agreement will be subject to a statutory hold period that expires four months and one day from issuance.

No finder's fees will be paid in connection with a financing under the Investment Agreement.