The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement for Alabama Graphite Corp. announced June 17, 2015:
Number of shares: 14,375,000 shares
Purchase price: 20 cents per share
Warrants: 7,187,500 share purchase warrants to purchase 7,187,500 shares
Warrant initial exercise price: 35 cents
Warrant term to expiry: three years
Placees: 100
Insiders: 1163863 Ontario Ltd. (Don Baxter) 100,000 shares; (Ron) S. Roda Harsharn 75,000 shares; Richard R. Keevil 200,000 shares; Daniel Spine 30,000 shares; Douglas Oliver 50,000 shares
Pro group involvement: (eight placees) 835,000 shares
Agents' fees: First Republic Capital Corp. $185,625, 928,125 warrants; Canaccord Genuity Corp. $30,000, 150,000 warrants
Agent warrant initial exercise price: 20 cents
Agent warrant term to expiry: two years
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.
© 2024 Canjex Publishing Ltd. All rights reserved.