Gold Bullion 19,564,400-share private placement
2013-02-01 17:21 ET - Private Placement
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
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.