ENWAVE CORPORATION ("ENW")
BULLETIN TYPE: Private Placement-Brokered, Private Placement-Non-Brokered
BULLETIN DATE: October 28, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered and Non-Brokered Private Placement announced October 5, 2015 and October 22, 2015:
Number of Shares: 6,250,000 shares
Purchase Price: $0.80 per share
Warrants: 3,125,000 share purchase warrants to purchase 3,125,000 shares
Warrant Exercise Price: $1.20 for a five year period
Number of Placees: 47 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Timothy Durance Y 62,500
Gary Melvin Michael Sandberg Y 2,500
Mary Ritchie Y 12,500
Stewart Ritchie Y 12,500
Hugh McKinnon Y 62,500
Jun Fu Y 62,500
Beenu Anand Y 25,000
John P.A. Budreski Y 625,000
Brent Gilbert Y 6,250
Daniel Stephen Henriques Y 3,750
Aggregate Pro Group Involvement P 312,500
[4 Placee(s)]
Agent's Fee: $297,300 and 225,000 broker warrants payable to Cormark Securities Inc. Each broker warrant is exercisable for a period of two years into one unit on the same terms as the private placement.
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