SPANISH MOUNTAIN GOLD LTD. ("SPA") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 19, 2023 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on May 4, 2023:
Number of Shares: 28,571,429 shares
Purchase Price: $0.21 per share
Warrants: 14,285,715 share purchase warrants to purchase 14,285,715 shares
Warrant Exercise Price: $ 0.25 for a two-year period, subject to acceleration
Number of Placees: 13 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 5 23,107,144 Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate # of Shares Aggregate # of Warrants Finder's Fee: N/A N/A N/A
The Company issued a news release on May 12, 2023 confirming closing of the private placement. 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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