BLACK SEA COPPER & GOLD CORP. ("BLS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 31, 2016:
Number of Shares: 10,000,000 shares
Purchase Price: $0.20 per share
Warrants: 10,000,000 share purchase warrants to purchase 10,000,000 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 exceed $0.60 for 10 consecutive trading days.
Number of Placees: 105 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
James Yates Y 75,000
678119 Alberta Ltd. (John Williamson) Y 125,000
Rod McKeen Law Corporation Y 125,000
Aggregate Pro Group Involvement P 1,015,000
[9 Placees]
Finder's Fee: Haywood Securities Inc. - $35,000 and 175,000 Finder's Warrants that are exercisable into common shares at $0.35 per share to September 28, 2017 and subject to an accelerated exercise provision.
Echelon Wealth Partners Inc. - $700 and 3,500 Finder's Warrants that are exercisable into common shares at $0.35 per share to September 28, 2017 and subject to an accelerated exercise provision.
GMP Securities LP - $1,750 and 8,750 Finder's Warrants that are exercisable into common shares at $0.35 per share to September 28, 2017 and subject to an accelerated exercise provision.
PI Financial Corp. - $39,000 and 196,000 Finder's Warrants that are exercisable into common shares at $0.35 per share to September 28, 2017 and subject to an accelerated exercise provision.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). 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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