BLUMETRIC ENVIRONMENTAL INC. ("BLM")
BULLETIN TYPE: Private Placement-Brokered, Convertible Debenture(s)
BULLETIN DATE: July 15, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced May 22, 2013:
Convertible Debenture(s): $1,430,000 principle amount of unsecured convertible debentures
Conversion Price: Convertible into common shares at $0.60 of principal amount outstanding per share until maturity.
Warrants: 1,191,190 common share purchase warrants. Each warrant is exercisable into one common share at $0.75 for a two year period.
Maturity date: Three years from closing
Interest rate: 9% per annum
Number of Placees: 19 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / Principle Amount
Jordan Grant Y $25,000
Agent Fees: An aggregate of $79,125 in cash and 131,875 broker warrants payable to Jacob Securities Inc, Fidelity Clearing Canada ULC, Caldwell Securities Ltd. and BMO Nesbitt Burns. Each broker warrant entitles the holder to acquire one common share at $0.60 for a two year period.
For further details, please refer to the Company's news release dated June 27, 2013.
________________________________________
|
|
