PENTANOVA ENERGY CORP. ("PNO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 8, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 24, 2017:
Number of Shares: 20,625,000 shares
Purchase Price: $0.80 per share
Warrants: 20,625,000 share purchase warrants to purchase 20,625,000 shares
Warrant Exercise Price: $1.05 for a five year period
Number of Placees: 65 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Jaime Francisco Perez Y 43,750
Frank Giustra Y 2,250,000
The Radcliffe Corporation (Frank Giustra) Y 250,000
Canada Life Ltd. A/C PPF 1137 (Frank Giustra) Y 2,500,000
Fiore Financial Corporation (Frank Giustra) Y 238,750
Ice Rose Holdings Inc. (Thomas M. Schulz and
Dr. Werner Keicher) Y 1,312,500
Gordon Keep Y 50,000
Fiore Management & Advisory Corp.
(Gordon Keep) Y 206,250
Hernan Martinez Y 312,500
Francisco Sole Y 62,500
Laureano Von Siegmund Y 12,500
Aggregate Pro Group Involvement P 97,500
[3 Placees]
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release dated August 1, 2017 announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
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