20:24:35 EDT Wed 17 Apr 2024
Enter Symbol
or Name
USA
CA



King's Bay Resources Corp
Symbol KBG
Shares Issued 44,436,423
Close 2017-08-31 C$ 0.095
Market Cap C$ 4,221,460
Recent Sedar Documents

King's Bay Resources 3,845,000-share private placement

2017-09-01 18:12 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 26, 2017.

Flow-through (FT) shares

Number of FT shares:  730,000 flow-through shares

Purchase price:  12.5 cents per flow-through share

Non-flow-through (NFT) shares

Number of NFT shares:  3,115,000 non-flow-through shares

Purchase price:  10 cents per non-flow-through share

Warrants:  3,115,000 share purchase warrants to purchase 3,115,000 shares

Warrant initial exercise price:  15 cents

Warrant term to expiry:  two years

Number of placees:  16 placees

Insiders:  Kevin Bottomley, 50,000; Jody Bellefleur, 50,000

Total pro group involvement:  180,000 (two placees)

Finder's fee:  Leede Jones Gable Inc., $6,000 cash; Echelon Wealth Partners Inc., $800 cash

The company issued news releases on July 14, 2017, and Aug. 30, 2017, confirming the closing of the private placement. 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.

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