COMPASS GOLD CORPORATION ("CVB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 10, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 22, 2023:
Convertible Debenture: $650,000 principal amount
Conversion Price: Convertible into up to 8,125,000 common shares at $0.08 during the first year and at $0.10 purchase price thereafter until maturity.
Maturity date: 2 years from issuance
Interest rate: 10% per annum
Warrants: 3,250,000 share purchase warrants to purchase 3,250,000 common shares
Warrant Exercise Price: $0.10 for a period of 24 months
Number of Placees: 14 Placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 2 2,625,000
The Company issued a news release on July 4, 2023 confirming closing of the private placement.
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