09:44:55 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Pele Mountain Resources Inc
Symbol GEM
Shares Issued 187,093,749
Close 2015-04-15 C$ 0.06
Market Cap C$ 11,225,625
Recent Sedar Documents

Pele Mountain 8,012,200-share private placement

2015-04-15 18:47 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 13, 2015.

Number of shares:  8,012,200 shares

Purchase price:  Five cents per share

Warrants:  8,012,200 share purchase warrants to purchase 8,012,200 shares

Warrant exercise price:  Seven cents for a three-year period

Number of placees:  23 placees

Insiders:  Martin Cooper, 200,000; Toril Holdings Ltd. (Richard Cooper), 500,000; Steven Rukavina, 250,000; Alan Shefsky, 500,000; John Wilkinson, 77,780; Janis Peleshok, 142,420

Total pro group involvement:  500,000 (one placee)

Finder's fee:  $1,400 in cash and 28,000 finder's warrants, payable to Arnold H. Rossen (Each finder's warrant entitles the holder to acquire one common share at five cents for a one-year period.)

Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

For further details, please refer to the company's news release dated April 13, 2015.

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