ENWAVE CORPORATION ("ENW")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: December 31, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced November 19, 2013, December 11, 2013 and December 20, 2013:
Number of Shares: 5,534,872 shares
Purchase Price: $1.40 per share
Warrants: 2,117,436 share purchase warrants to purchase 2,117,436 shares
Warrant Exercise Price: $1.75 for a two year period
Number of Placees: 28 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 105,700
[4 placees]
Agent's Fee: Raymond James Ltd. and CIBC World Markets Inc. receive $374,929.25.
Raymond James Ltd. receives 162,871 non-transferable warrants, each exercisable at a price of $1.40 per share for a two year period.
CIBC Gundyco receives 40,704 non-transferable warrants, each exercisable at a price of $1.40 per share for a two year 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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