08:16:48 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Savannah Gold Corp (2)
Symbol SAV
Shares Issued 4,746,021
Close 2017-04-10 C$ 0.315
Market Cap C$ 1,494,997
Recent Sedar Documents

Savannah Gold three-million-share private placement

2017-04-12 16:16 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on March 15, 2017.

Number of shares:  three million shares

Purchase price:  20 cents per share

Warrants:  1.5 million warrants to purchase 1.5 million shares

Warrant initial exercise price:  40 cents

Warrant term to expiry:  two years

Number of placees:  51 placees

Insiders:  Praveen Varshney, 45,000 shares; Marco Strub, 40,000 shares

Total pro group involvement:  582,500 shares (10 placees)

Finders' fees:  PI Financial Corp., $700 cash and 3,500 warrants; Leede Jones Gable Inc., $10,500 cash and 52,500 warrants; Canaccord Genuity Corp., $2,800 cash and 14,000 warrants; Mackie Research Capital Corp., $14,700 cash and 73,500 warrants; Haywood Securities Inc., $1,050 cash and 5,250 warrants

Finder warrant initial exercise price:  40 cents

Finder warrant term to expiry:  24 months, each exercisable into one common share (the warrants have an accelerated exercise provision whereby if at any time after the date that is six months and one day from the closing of the private placement, the closing price of the company's shares on the TSX Venture Exchange is equal to or greater than 80 cents for 20 consecutive trading days, then the company may elect to provide notice by news release that the warrants will expire 30 days from the notice date)

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