The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced by Guyana Goldstrike Inc., formerly, Swift Resources Inc., on Sept. 14, 2016.
Number of shares: 8,885,235 shares
Purchase price: 20 cents per share
Warrants: 4,442,618 share purchase warrants to purchase 4,442,618 shares
Warrant exercise price: 30 cents for a two-year period
Number of placees: 66 placees
Insider: Peter Berdusco, 500,000;
Cambrian Capital Corp. (Charles Hugh Maddin), 785,000
Total pro group involvement: 875,000 (four placees)
Agents' fees: EMD Financial Inc., 118,000 warrants and $28,600;
PI Financial Corp., 45,600 warrants and $9,120;
Mackie Research Capital Corp., 16,000 warrants and $3,200;
Haywood Securities Inc., 24,000 warrants and $4,800
The agents' warrants have an exercise price of 30 cents for two years.
The TSX Venture Exchange has also accepted for filing documentation pertaining to an agreement dated Nov. 1, 2016, as amended Feb. 10, 2017, among the company, Romanex Guyana Exploration Ltd., Locke Goldsmith, Marshall Mintz and Falcon Logistics Inc. Pursuant to the agreement, the company has acquired Romanex in exchange for aggregate cash consideration of $875,000 (U.S.), the issuance of 4,781,250 common shares, the reimbursement of expenses up to $100,000 (U.S.) as well as 468,750 warrants (20 cents).
The principal asset of the company is a mining licence in respect of the Marudi Mountain gold project, Guyana, and certain associated equipment.
The cash consideration is payable on the following schedule.
Closing: $225,000 (U.S.)
First anniversary: $100,000 (U.S.)
Second anniversary: $250,000 (U.S.)
Third anniversary: $300,000 (U.S.)
A finder's fee of 653,437 common shares is payable to Hazmagic Holdings Inc.
Refer to the company's news releases dated March 3, 2017, and March 17, 2017.
In conjunction with the above, the company has met the requirements to be listed as a TSX Venture Exchange Tier 2 company. Therefore, effective on Tuesday, March 21, 2017, the company's listing will transfer from the NEX to the TSX Venture Exchange, the company's tier classification will change from the NEX to Tier 2, and the filing and service office will change from the NEX to Vancouver.
Effective at the opening on Tuesday, March 21, 2017, the trading symbol for the company will change from SWR.H to GYA. The company is classified as a mining company.
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