CANADIAN OILFIELD SOLUTIONS CORP. ("OTS")
BULLETIN TYPE: Warrants for Bonuses
BULLETIN DATE: March 5, 2014
TSX Venture Tier 2 Company
THIRD AND FINAL TRANCHE
With reference to Exchange Bulletin dated January 31, 2014, TSX Venture Exchange has accepted for filing the Company's proposal to issue common share purchase warrants ("Bonus Warrants") in connection with the issuance of up to an aggregate total of 5,750 debenture units ("Debenture Units") which closed in three tranches comprised of 1,800 Debenture Units issued on December 23, 2013 , 3,353 Debenture Units issued on January 31, 2014, and a third and final tranche of 597 Debenture Units issued on March 3, 2014. Each Debenture Unit consists of (i) $1000 principal amount non-convertible secured non-transferable subordinated debentures at an interest rate of 10% per annum ("Debenture"), maturing on December 31, 2014 (the "Maturity Date") and (ii) 500 Bonus Warrants. Each Bonus Warrant entitles the holder to purchase one common share of the Company at an exercise price of $0.30 for a period of 24 months from closing. Additionally, the Exchange understands that the Debentures shall be secured against the assets of the Company and that the Company may redeem without penalty all, but not less than all, of the Debentures and all accrued interest prior to the Maturity Date.
For further information please refer to the Company's press release dated December 23, 2013 and March 3, 2014.
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