Gold Bullion 19,564,400-share private placement

2013-02-01 17:21 ET - Private Placement


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The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.


Number of shares:  19,564,400 flow-through common shares

Purchase price:  15 cents per flow-through share

Warrants:  9,782,200 warrants to purchase 9,782,200 common shares

Warrant exercise price:  18 cents for a one-year period following the closing of the private placement

Number of placees:  Seven placees

Commission:  Casimir Capital Ltd. and Marquest Asset Management Inc. received a total of $235,812.81 in cash and 1,511,818 non-transferable broker warrants. Of these broker warrants, 266,666 broker warrants entitle the holder (Marquest) to acquire 266,666 common shares at 15 cents during one year following the closing of the private placement, and 1,245,152 broker warrants (782,576 to Casimir and 462,576 to Marquest) allow the holder to purchase 1,245,152 units at a price of 15 cents per unit during one year from the date of closing. Each unit comprises one common share and one-half of a common share purchase warrant. Each whole warrant will entitle its holder to acquire one additional share at a price of 18 cents until Nov. 30, 2013.