CODRINGTON RESOURCE CORPORATION ("CA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 21, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 5, 2014:
First Tranche:
Number of Shares: 3,633,333 shares
Purchase Price: $0.06 per share
Warrants: 3,633,333 share purchase warrants to purchase 3,633,333 shares
Warrant Exercise Price: $0.10 for a three year period
Number of Placees: 8 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Adrian Hobkirk Y 400,000
Ken A. Sadowski Y 83,333
Allen Ambrose Y 300,000
Finder's Fee: $15,600 cash and 260,000 warrants payable to Foremost Capital Corp.
- Finder's fee warrants are exercisable at $0.10 for three years.
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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