GITENNES EXPLORATION INC. ("GIT") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 21, 2017 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 1, 2017:
Number of Shares: 3,805,900 non-flow through shares 3,986,693 flow through shares
Purchase Price: $0.055 per non-flow through share $0.065 per flow through share
Warrants: 3,805,900 share purchase warrants attached to non-flow through shares to purchase 3,805,900 shares at a price of $0.085 three year period, subject to acceleration*
3,986,693 share purchase warrants attached to flow through shares to purchase 3,986,693 shares at a price of $0.085 three year period, subject to acceleration*
* The expiry date of the warrants can be accelerate if the Company's shares trade above $0.15 for 20 consecutive days at any time after four months from the date of issuance of the warrants.
Number of Placees: 20 Placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Aggregate Pro Group Involvement P 800,000 [2 Placees]
Finder's Fee: Echelon Wealth Partners Inc. receives $15,089.10 and 238,140 non-transferable warrants, each exercisable for one share at a price of $0.085 for three year, subject to acceleration* Leede Jones Gable Inc. receives $1,980 and 36,000 non-transferable warrants, each exercisable for one share at a price of $0.085 for three year, subject to acceleration* Richardson GMP Ltd. receives $1,204.50 and 21,900 non-transferable warrants, each exercisable for one share at a price of $0.085 for three year, subject to acceleration*
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on June 21, 2017 and July 14, 2017. [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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