AM GOLD INC. ("AMG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 1, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July7, 2010:
Number of Shares: 4,000,214 shares
Purchase Price: $0.35 per share
Warrants: 4,000,214 share purchase warrants to purchase 4,000,214 shares
Warrant Exercise Price: $0.40 for a one year period. The warrants are subject to an accelerated exercise provision if the Company's shares trade above $0.55 for 10 consecutive trading days.
Number of Placees: 37 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Michael Scholz Y 600,000
369 Terminal Holdings Ltd. (Michael Scholtz) Y 181,000
Ivano Veschini P 100,000
Lily Fey P 20,000
Dave Garnett P 20,000
Aaron Chan P 75,000
Anthony Oram P 285,714
Frank Mauro P 200,000
Hugh Cooper P 100,000
Finders' Fees: Canaccord Genuity Corp. - $7,875.00 and 22,500 Broker Warrants that are exercisable into 11,250 common shares at $0.40 per share for a one year period and subject to the accelerated exercise provision.
Bolder Investment Partners - $4,798.50 and 13,710 Broker Warrants that are exercisable into 6,855 common shares at $0.40 per share for a one year period and subject to the accelerated exercise provision.
Secutor Capital Management Corp. - $8,400.00 and 24,000 Broker Warrants that are exercisable into 12,000 common shares at $0.40 per share for a one year period and subject to the accelerated exercise provision.
NCP Northland Capital Partners Inc. - 5,999.94 and 17,143 Broker Warrants that are exercisable into 8,571 common shares at $0.40 per share for a one year period and subject to the accelerated exercise provision.
Wolverton Investment Services Inc. - $6,300.00 and 18,000 Broker Warrants that are exercisable into 9,000 common shares at $0.40 per share for a one year period and subject to the accelerated exercise provision.
RBC Dominion Securities Inc. - $2,100.00 and 6,000 Broker Warrants that are exercisable into 3,000 common shares at $0.40 per share for a one year period and subject to the accelerated exercise provision.
BMO Nesbitt Burns - $6,300.00 and 18,000 Broker Warrants that are exercisable into 9,000 common shares at $0.40 per share for a one year period and subject to the accelerated exercise provision.
Wellington West Capital Inc. - $4,200.00 and 12,000 Broker Warrants that are exercisable into 6,000 common shares at $0.40 per share for a one year period and subject to the accelerated exercise provision.
Byron Securities Ltd. - $1,260.00 and 3,600 Broker Warrants that are exercisable into 1,800 common shares at $0.40 per share for a one year period and subject to the accelerated exercise provision.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. 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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