KAPUSKASING GOLD CORP. ("KAP")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 24, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced November 13, 2014:
Number of Shares: 373,280 flow through shares and 1,357,370 non-flow through shares
Purchase Price: $0.075 per flow through share and $0.0675 per non-flow through share
Warrants: 1,730,650 share purchase warrants to purchase 1,730,650 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 8 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
J. Garry Clark Y 133,280 FT
49 North Resources Inc. Y 548,148 NFT
John Kiernan Y 70,000 NFT
Finder's Fee: $472.50 payable to Canaccord Genuity Corp., with 7,000 warrants attached exercisable at $0.10 for two 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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