WESTERN PACIFIC RESOURCES CORP. ("WRP")
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 July 20, 2010:
Number of Shares: 6,481,072 shares
Purchase Price: $0.35 per share
Warrants: 3,240,536 share purchase warrants to purchase 3,240,536 shares
Warrant Exercise Price: $0.50 for an eighteen month period
If at any time from four months and one day after the closing of the financing, the volume-weighted average trading price of the Company's common shares over a period of 20 consecutive trading days exceeds $0.75, the Company may, within five days after such an event, provide notice to the warrant holders that the warrants will expire early, namely, on the date which is 30 calendar days after the date of such notice to the warrantholders.
Number of Placees: 84 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Graham Saunders P 100,000
Sherman Dahl P 50,000
Jeff Willis P 60,000
Scott Hunter P 150,000
Donny Cordick P 50,000
Steve Winokur P 30,000
Finders' Fees: $40,635 and 116,100 finder's warrants payable to Bayfront Capital Partners Ltd.
$9,800 and 28,000 finder's warrants payable to National Bank Financial
$28,910 and 82,600 finder's warrants payable to Haywood Securities Inc.
$4,900 and 14,000 finder's warrants payable to International Capital Management
$7,350 and 21,000 finder's warrants payable to Macquarie Private Wealth Inc.
$41,821.50 and 119,490 finder's warrants payable to Canaccord Genuity Corp.
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.
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