ALBERT MINING INC. ("AIIM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 24, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 14, 2017 and December 22, 2017:
Number of Shares: 4,714,286 flow-through shares and
10,000,000 non flow-through shares
Purchase Price: $0.07 per flow-through share
$0.05 per non flow-through share
Warrants: 10,000,000 share purchase warrants to purchase 10,000,000 shares
Warrant Exercise Price: $0.07 for a two year period
Number of Placees: 24 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Andre Audet Y 700,000
Andre Larente Y 142,857
Michel Fontaine Y 2,657,143
Finder's Fee: An aggregate of $15,820 in cash and 238,000 finders' warrants payable to Leede Jones Gable Inc. Each finder's warrant entitles the holder to acquire one common share at $0.065 for a two year period.
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.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued new releases announcing the closings of the private placement and setting out the expiry dates of the hold period(s).
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