BOWMORE EXPLORATION LTD. ("BOW")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 24, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 17, 2016:
Number of Shares: 5,000,000 shares
3,875,000 flow-through shares
Purchase Price: $0.07 per share
$0.10 per flow-through share
Warrants: 4,437,500 share purchase warrants to purchase 4,437,500 shares
Warrant Exercise Price: $0.15 for a one year period
$0.20 in the second year
Number of Placees: 18 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Paul A. Dumas Y 200,000 nf/t
Robert Wares Y 2,000,000 nf/t
1,000,000 f/t
Corporation Financiere SKTM Ltee
(Martin Nicoletti) Y 100,000 nf/t
Finder's Fee: Secutor Capital Management Corp. - $15,600.60 and 79,290 Finder's Warrants that are exercisable into common shares at $0.15 per share for a one year period.
Marquest Capital Markets - 79,290 Finder's Warrants that are exercisable into common shares at $0.15 per share for a one year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company 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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