INZINC MINING LTD. ("IZN") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 1, 2014 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 19, 2014:
Number of Shares: 5,694,000 shares
Purchase Price: $0.18 per share
Warrants: 2,847,000 share purchase warrants to purchase 2,847,000 shares
Warrant Exercise Price: $0.30 for a two year period
Number of Placees: 17 placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Aggregate Pro Group Involvement P 55,000 [1 placee]
Finder's Fee: $5,197.50 payable to Leede Financial Markets Inc., with 28,875 warrants exercisable at $0.30 for two years $7,000 payable to Carson Seabolt, with 38,889 warrants exercisable at $0.30 for two years $51,363.90 payable to Skanderberg Capital Advisors (Carson Seabolt, Mario Vetro), with 285,355 warrants exercisable at $0.30 for two years
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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