PHOENIX CANADA OIL COMPANY LIMITED ("PCO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 12, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 19, 2016:
Number of Shares: 200,000 common shares
Purchase Price: $1.40 per share
Warrants: 200,000 share purchase warrants attached to purchase 200,000 shares
Warrant Exercise Price: $1.50 for a two year period
Number of Placees: 3 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Michael Detlefsen Y 75,000
Greg Nuttall Y 50,000
Charles Burns Y 75,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). 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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