HORIZON PETROLEUM PLC ("HPL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 22, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 12, 2013 and January 8, 2014:
Number of Shares: 16,666,667 shares
Purchase Price: $0.12 per share
Number of Placees: 50 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Peter Clutterbuck Y 125,000
Yogeshwar Sharma Y 85,000
Nigel Friend Y 133,333
Aggregate Pro Group Involvement P 3,530,500
[9 placees]
Finder's Fee: $3,840 payable to Jordan Capital Markets Inc., with 32,000 warrants exercisable at $0.16 for six months
$7,475.94 payable to Canaccord Genuity Corp., with 62,299 warrants exercisable at $0.16 for six months
$29,991.60 payable to Leede Financial Markets Inc., with 249,930 warrants exercisable at $0.16 for six months
$6,048 payable to Haywood Securities Inc., with 50,400 warrants exercisable at $0.16 for six months
$6,852 payable to Michael Seifert, with 57,100 warrants exercisable at $0.16 for six months
$7,320.24 payable to Keir Reynolds, with 61,002 warrants exercisable at $0.16 for six months
$19,380 payable to Park Holdings (Henry Wilson, Nancy Wilson), with 161,499 warrants exercisable at $0.16 for six months
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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