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Saturn Oil & Gas Inc
Symbol SOIL
Shares Issued 174,864,329
Close 2018-08-15 C$ 0.235
Recent Sedar Documents

Saturn Oil 33,639,500-share private placement

2018-08-15 19:43 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced May 14, 2018.

Flow-through (FT) shares

Number of FT shares:  7,786,700 flow-through shares

Purchase price:  12 cents per flow-through share

Non-flow-through shares

Number of NFT shares:  25,852,800 non-flow-through shares

Purchase price:  12 cents per non-flow-through share

Warrants:  25,852,800 share purchase warrants to purchase 25,852,800 shares

Warrant initial exercise price:  18 cents

Warrant term to expiry:  two years

Number of placees:  84 placees

Insiders:  Ivan Bergerman, 83,333; Baramundi Investments Ltd. (Calvin Payne), 250,000; John Jeffrey, 2,708,000; Scott Newman, 834,000

Total pro group involvement:  3,810,635 (13 placees)

Agents' fees:  Canaccord Genuity Corp., $230,353.61 cash and 1,263,900 warrants; Raymond James Ltd., 199,500 warrants; National Bank Financial Inc., 164,547 warrants

Agent's warrant initial exercise price:  12 cents

Agent's warrant term to expiry:  each warrant exercisable into one unit on/before July 17, 2020; unit same as private placement unit

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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