OCULUS VISIONTECH INC. ("OVT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 26, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 2, 2015:
Number of Shares: 32,000,000 shares
Purchase Price: $0.07 per share
Number of Placees: 69 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Anton Drescher Y 6,700,000
Rowland Perkins Y 5,600,000
Ronald Wages Y 200,000
4C Inc. (Tom Perovic) Y 1,300,000
Aggregate Pro Group Involvement 1 Placee for 100,000 shares
Finder's Fee: Canaccord Genuity Corp. - $32,480 cash and 464,000 finder's warrants. Each finder warrant is exercisable at a price of $0.07 per share for a period of two years.
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.
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