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Medallion Resources Ltd (2)
Symbol MDL
Shares Issued 46,353,868
Close 2020-06-30 C$ 0.15
Recent Sedar Documents

Medallion Resources 2.5-million-share private placement

2020-06-30 20:23 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 16, 2020.

Number of shares:  2.5 million shares

Purchase price:  10 cents per share

Warrants:  1.25 million share purchase warrants to purchase 1.25 million shares

Warrant initial exercise price:  15 cents

Warrant term to expiry:  two years

Number of placees:  five placees

Insiders:  Donald Lay, 1.5 million; David Shaw, 300,000

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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