02:55:50 EDT Thu 25 Apr 2024
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Inzinc Mining 34.98-million-share private placement

2017-12-27 15:13 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 17, 2017, and Nov. 23, 2017.

Number of shares:  34.98 million shares

Purchase price:  10 cents per share

Warrants:  17.49 million share purchase warrants to purchase 17.49 million shares

Warrant exercise price:  15 cents for a two-year period

Number of placees:  105 placees

Insiders:  Louis G. Montpellier, 500,000; John M. Murphy, 750,000; Wayne M. Hubert, 750,000

Total pro group involvement:  7,545,000 (28 placees)

Finders' fees:  Haywood Securities Inc., $6,500 cash and 42,000 finder's warrants; PI Financial Corp., $3,500 cash and 35,000 finder's warrants; Leede Jones Gable Inc., $72,135 cash and 716,100 finder's warrants; Raymond James Ltd., $42,700 cash and 427,000 finder's warrants; Canaccord Genuity Corp., $5,075 cash and 42,000 finder's warrants; Industrial Alliance Securities Inc., $17,500 cash and 175,000 finder's warrants; RBC Dominion Securities Inc., $525 cash; National Bank Financial Inc., $700 cash; Echelon Wealth Partners, $350 cash; Red Cloud Klondike Strike Inc., $33,575 cash and 388,500 finder's warrants (The finders' warrants are exercisable at a price of 15 cents for a period of two years.)

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