SERNOVA CORP. ("SVA") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 27, 2015 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 8, 2015:
Number of Shares: 8,888,889 shares
Purchase Price: $0.18 per share
Warrants: 8,888,889 share purchase warrants to purchase 8,888,889 shares
Warrant Exercise Price: $0.30 for a two year period
Number of Placees: 40 Placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Philip Toleikis Y 60,000 Aggregate Pro Group Involvement P 1,450,000 [3 Placees]
Finder's Fee: Dundees Securities Ltd. receives $7,349.58 and 40,831 non-transferable warrants. Raymond James Ltd. receives $1,260 and 7,000 non-transferable warrants. Salman Partners Inc. receives $14,187.60 and 78,820 non-transferable warrants. Aston Hill Securities Inc. receives $1,764. Mackie Research Capital Corp. receives $1,890 and 10,500 non-transferable warrants.
Each non-transferable warrant is exercisable for one share at a price of $0.30 for a two year period.
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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