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Para Resources Inc
Symbol C : PBR
Shares Issued 164,218,240
Recent Sedar Documents

Para Resources 18,649,000-share private placement

2018-07-11 21:01 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 24, 2018.

Number of shares:  18,649,000 shares

Purchase price:  20 cents per share

Warrants:  18,649,000 share purchase warrants to purchase 18,649,000 shares

Warrant exercise price:  30 cents for a three-year period, subject to an acceleration clause

Number of placees:  14 placees

Insiders:  Conex Services Inc. (Glenn Walsh), 9,219,000; Lake Forest Development (Geoff Hampson), two million

Finders' fees:  Echelon Wealth Partners Inc., $2,800 cash and 14,000 finder's warrants payable; National Securities Corp., $23,725.37 (in aggregate) and 20,550 finder's warrants (Each finder's warrant is exercisable at 30 cents into one common share for three years from closing, subject to an acceleration clause.)

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