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San Marco Resources Inc (3)
Symbol SMN
Shares Issued 22,888,694
Close 2019-11-22 C$ 0.09
Recent Sedar Documents

San Marco 3,738,334-share private placement

2019-11-22 19:54 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 26, 2019.

Number of shares:  3,738,334 shares

Purchase price:  12 cents per share

Warrants:  3,738,334 share purchase warrants to purchase 3,738,334 shares

Warrant initial exercise price:  20 cents in the first and second years; 25 cents in the third year

Warrant term to expiry:  three years

Number of placees:  18 placees

Insiders:  R.S. (Tookie) Angus, 833,334; Robert Willis, 125,000

Total pro group involvement:  890,000 (six placees)

Finders' fees:  Haywood Securities Inc., $10,296 cash and 85,800 warrants; Canaccord Genuity Corp., 24,000 units with the same terms as the offering; PI Financial Corp., $1,800 cash and 15,000 warrants

Finder's warrant initial exercise price:  12 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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