INZINC MINING LTD. ("IZN") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: December 27, 2017 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 17 and November 23, 2017:
Number of Shares: 34,890,000 shares
Purchase Price: $0.10 per share
Warrants: 17,490,000 share purchase warrants to purchase 17,490,000 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 105 Placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Louis G. Montpellier Y 500,000 John M. Murphy Y 750,000 Wayne M. Hubert Y 750,000
Aggregate Pro Group Involvement P 7,545,000 [28 Placees]
Finder's Fee: Haywood Securities, Inc. - $6,500 cash and 42,000 Finder's Warrants PI Financial Corp. - $3,500 cash and 35,000 Finder's Warrants Leede Jones Gable Inc. - $72,135 cash and 716,100 Finder's Warrants Raymond James Ltd. - $42,700 cash and 427,000 Finder's Warrants Cannacord Genuity Corp. - $5,075 cash and 42,000 Finder's Warrants Industrial Alliance Securities Inc. - $17,500 cash and 175,000 Finder's Warrants RBC Dominion Securities Inc. - $525 cash National Bank Financial Inc. - $700 cash Echelon Wealth Partners - $350 cash Red Cloud Klondike Strike Inc. - $33,575 cash and 388,500 Finder's Warrants
Finder's Warrants are exercisable at a price of $0.15 for a period of two years.
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued news releases dated December 15, 2017 and December 22, 2017 announcing the closing of the private placement and setting out the expiry dates of the hold periods. 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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