06:08:33 EDT Wed 23 Sep 2020
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or Name

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Mountain Boy Minerals Ltd (2)
Symbol MTB
Shares Issued 36,710,382
Close 2020-07-16 C$ 0.36
Recent Sedar Documents

Mountain Boy Minerals private placement

2020-07-16 16:53 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 15, 2020.

Flow-through (FT) shares

Number of FT shares:  4,166,669 flow-through shares

Purchase price:  30 cents per flow-through share

Non-flow-through (NFT) shares

Number of NFT shares:  eight million non-flow-through shares

Purchase price:  25 cents per non-flow-through share

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

Warrant initial exercise price:  40 cents

Warrant term to expiry:  two years

Number of placees:  68 placees

Insiders:  Rene Bernard, 484,000; Lawrence Roulston, 60,000; Pacific Opportunity Capital Ltd. (Mark T. Brown), 66,000; Lucia Theny, 20,000; Bernard H. Whiting, 30,000; Mark T. Brown, 34,703

Total pro group involvement:  540,000 (five placees)

Finders' fees:  National Bank Financial in trust for Kernaghan & Partners Ltd., $2,400 cash and 9,600 warrants; Echelon Wealth Partners Inc., $5,940 cash; Mackie Research Capital, $5,760 cash and 7,200 warrants; Haywood Securities Inc., $3,360 cash and 12,000 warrants; PI Financial Corp., $5,610 cash and 3,000 warrants; Canaccord Genuity Corp., $10,620 cash and 42,480 warrants; Redplug Inc., $14,310 cash; Qwest Investment Fund Management, $15,000 cash

Finder's warrant initial exercise price:  25 cents

Finder's warrant term to expiry:  one year

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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