Parlane Resource 656,000-share private placement

2012-11-26 16:23 PT - Private Placement

 

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 19, 2012.

Number of shares:  656,000 flow-through shares

Purchase price:  22 cents per share

Warrants:  328,000 share purchase warrants to purchase 328,000 flow-through shares

Warrant exercise price:  30 cents for a one-year period

Number of placees:  10 placees

Insiders:  Gary Arca, 100,000; David Gunning, 91,000

Pro group:  John Kason, 70,000

Finders' fees:  $1,232 payable to Global Securities Corp., with 7,000 warrants exercisable at 22 cents for 12 months; $2,288 payable to Macquarie Private Wealth Inc., with 13,000 warrants exercisable at 22 cents for 12 months; $4,224 payable to 0899958 B.C. Ltd. (Darren Dingwall), with 24,000 warrants exercisable at 22 cents for 12 months