The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for Wellstar Energy Corp. announced May 1, 2015:
Number of flow-through shares: 7.5 million flow-through shares
Purchase price: 10 cents per flow-through share
Warrants: 3.75 million share purchase warrants to purchase 3.75 million shares
Warrant initial exercise price: 12 cents
Warrant term to expiry: two years
Placees: 12
Insider: Hutch Capital Corp. (Andrew H. Rees) 141,027 shares
Finder's fee: Fin-XO Securities Inc. -- $8,000 cash, 80,000 warrants
Finder warrant initial exercise price: 12 cents
Finder warrant term to expiry: expiry two years after closing
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.
The above information is a summary only.
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