The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for Ackroo Inc. announced June 12, 2014:
Number of shares: 8,025,000 shares
Purchase price: five cents per share
Warrants: 4,012,500 share purchase warrants to purchase 4,012,500 shares
Warrant exercise price: 10 cents for a one-year period; the warrants are subject to an accelerated exercise provision in the event the company's shares trade at 15 cents or higher for 10 consecutive trading days
Placees: 11
Insiders: Jay Malowney one million; Chapman CFO Resources Inc. (John Chapman) 20,000;
Eamonn Garry 100,000;
Gregory Feller 300,000;
Steve Levely 75,000
Finder's fee: Robert Smith will receive a finder's fee of 450,000 warrants that are exercisable into common shares at 10 cents per share for a one-year period. The warrants are also subject to an accelerated exercise provision.
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