11:20:06 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



West Melville Metals Inc (3)
Symbol WMM
Shares Issued 5,405,137
Close 2016-08-08 C$ 0.30
Market Cap C$ 1,621,541
Recent Sedar Documents

West Melville eight-million-share private placement

2016-10-25 16:33 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Aug. 15, 2016.

Number of shares:  eight million shares

Purchase price:  25 cents per share

Warrants:  four million share purchase warrants to purchase four million shares

Warrant initial exercise price:  35 cents

Warrant term to expiry:  18 months

Number of placees:  93 placees

Insiders:  Siwash Corporate Services Inc. (Frederic Leigh), 40,000 shares; John Robins, 280,000 shares; GRF Consulting Corp. (Gary Freeman), 32,000 shares; Flotsam Cove Holdings Ltd. (Craig Roberts), 29,000 shares; Lundy Management (Stephen Swatton), 32,000 shares

Aggregate pro group involvement:  885,000 shares (11 placees)

Finders' fees:  Canaccord Genuity, 19,200 warrants; PI Financial Corp., 2,400 warrants; Haywood Securities Inc., 93,000 warrants; Richardson GMP Ltd., 13,200 warrants; Leede Jones Gable Inc., 6,000 warrants; Mackie Research Capital Corp., 2,400 warrants

Finder warrant initial exercise price:  35 cents

Finder warrant term to expiry:  same terms as the warrants issued under the private placement

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.

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