08:25:51 EDT Fri 19 Apr 2024
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Pistol Bay 7,333,391-share private placement

2017-03-20 19:17 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 20, 2017.

Number of shares:  5,568,857 non-flow-through shares and 1,764,534 flow-through shares

Purchase price:  seven cents per non-flow-through share and nine cents per flow-through share

Warrants:  5,568,857 share purchase warrants attached to non-flow-through shares to purchase 5,568,857 additional shares at a price of 12 cents per share for an 18-month period; 882,267 share purchase warrants attached to flow-through shares to purchase 882,267 additional shares at a price of 15 cents per share for an 18-month period

Number of placees:  28 placees

Finders' fees:  Leede Jones Gable Inc. receives $3,500 and 50,000 non-transferable warrants, each exercisable for one share at a price of 12 cents for an 18-month period. EMD Financial Inc. receives $6,080 and 72,000 non-transferable warrants, each exercisable for one unit at a price of 12 cents for an 18-month period.

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