10:51:21 EDT Thu 22 Oct 2020
Enter Symbol
or Name

Login ID:
Urbangold Minerals Inc
Symbol UGM
Shares Issued 35,182,136
Close 2019-12-12 C$ 0.12
Recent Sedar Documents

Urbangold Minerals 8,284,668-share private placement

2019-12-13 20:43 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement as announced in a news release dated Oct. 22, 2019.

Number of securities:  2.68 million non-flow-through common shares and 5,604,668 flow-through common shares

Purchase price:  12.5 cents per non-flow-through common share and 15 cents per flow-through common share

Number of warrants:  1.34 million common share purchase warrants to purchase 1.34 million common shares

Warrant price:  18 cents per warrant until June 6, 2021

Number of placees:  42 placees

Insiders:  Dale Burstall, 167,000; Jens Eskelund Hansen, 150,000; Mathieu Brunet-Stephens, 160,000

Total pro group:  202,667 (three placees)

Finder's fee:  Industrial Alliance Securities Inc. received a cash commission in the amount of $85,306.52. The agent also received 187,050 non-transferable compensation warrants to purchase 187,050 non-flow-through common shares at a price of 12.5 cents per share until Dec. 6, 2021, and 412,835 non-flow-through compensation warrants to purchase 412,835 non-flow-through common shares at a price of 15 cents per share until Dec. 6, 2021.

The company has confirmed the closing of the private placement in a news release dated Dec. 6, 2019.

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