ARROW EXPLORATION CORP. ("AXL")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: October 25, 2021
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced on October 19, 2021:
Number of Shares: 140,949,545 shares
Purchase Price: CDN$0.106125 (UK 6.25 pence) per share
Warrants: 70,474,767 share purchase warrants to purchase 70,474,767 shares
Warrant Exercise Price: $0.15282 (UK 9.00 pence) for a two period
Number of Placees: 27 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Canacol Energy Ltd. Y 36,715,205
Agent's Fee: CDN$779,823.12 cash payment payable to Arden Partner plc
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release dated October 25, 2021 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.
________________________________________
|
|
