ARENA MINERALS INC. ("AN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 29, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 27, 2014:
Number of Shares: 10,000,000 shares
Purchase Price: $0.20 per share
Warrants: 5,000,000 share purchase warrants to purchase 5,000,000 shares
Warrant Exercise Price: $0.35 for a two year period. The warrants are subject to an accelerated exercise provision in the event the Company's shares trade at $0.55 or higher on a volume weighted adjusted basis for a period of 30 days.
Number of Placees: 15 placees
Finders' Fees: Mackie Research Capital - $10,800.00 and 54,000 Finder's Warrants that are exercisable into common shares at $0.25 per share for an 18-month period.
Dundee Securities - $6,000.00 and 30,000 Finder's Warrants that are exercisable into common shares at $0.25 per share for an 18-month period.
Pan Asset Management Ltd. (Mary d'Eon) - $30,000.00 and 150,000 Finder's Warrants that are exercisable into common shares at $0.25 per share for an 18-month 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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