BOWMORE EXPLORATION LTD. ("BOW")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 28, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 11, 2015 and October 14, 2015:
Number of Shares: 2,875,000 non flow-through shares
1,046,667 flow-through shares
Purchase Price: $0.08 per non flow-through share
$0.12 per flow-through share
Warrants: 1,960,833 share purchase warrants to purchase 1,960,833 shares
Warrant Exercise Price: $0.15 in the first year
$0.20 in the second year
Number of Placees: 7 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Paul A. Dumas Y 125,000
Robert Wares Y 1,250,000
Corporation Financiere SKTM Ltee
(Martin Nicoletti) Y 125,000
Andre Gaumond Y 166,667
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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