GULFSIDE MINERALS LTD. ("GMG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 13, 2011
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 28, 2011 and March 28, 2011:
Number of Shares: 5,140,000 non flow through shares and 3,100,000 flow through shares
Purchase Price: $0.10 per non flow through share and $0.10 per flow through share
Warrants: 6,690,000 share purchase warrants to purchase 6,690,000 shares
Warrant Exercise Price: $0.15 for a one year period
Number of Placees: 49 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Kerry Chow P 500,000 FT
Albert Dunford P 20,000 NFT
Jacqueline Chow P 200,000 NFT
Katrina Duncan P 20,000 NFT
Donald Norman Duncan P 20,000 NFT
Lynn Duncan P 60,000 NFT
Jay Spissinger P 30,000 NFT
Michael Spissinger P 30,000 NFT
Andrew Dempsey P 40,000 NFT
Finder's Fee: $21,600 payable to Nathan Yeung
$2,000 payable to Siam Oceanic Funds Ltd.
$15,200 payable to Haywood Securities Inc.
$1,700 payable to Alex Dyakowski
$5,180 payable to Alex Kuznecov
$800 payable to Leede Financial Markets Inc.
$11,200 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. 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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