BOWMORE EXPLORATION LTD. ("BOW")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 6, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 13, 2014 and July 3, 2014:
Number of Shares: 2,500,001 flow through shares
Purchase Price: $0.15 per share
Warrants: 1,250,000 share purchase warrants to purchase 1,250,000 shares
Warrant Exercise Price: $0.20 for an 18 month period
Number of Placees: 12 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Paul Dumas Y 66,667
Robert Wares Y 1,000,000
Finder's Fee: Marquest Asset Management Inc. receives $6,000 and 40,000 non-transferable warrants, each exercisable for one share at a price of $0.15 per share for an 18 month period.
Canaccord Genuity Corp. receives $2,907 and 13,980 non-transferable warrants, each exercisable for one share at a price of $0.15 per share for an 18 month period.
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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