TORO OIL & GAS LTD. ("TOO") ("TOO.WT")
BULLETIN TYPE: Prospectus-Unit Offering, New Listing-Warrants
BULLETIN DATE: June 29, 2016
TSX Venture Tier 2 Company
Prospectus-Unit Offering
Effective June 22, 2016, the Company's Prospectus dated June 22, 2016 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta and Ontario Securities Commission. The prospectus has been filed under Multilateral Instrument 11-102 Passport System in British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador. A receipt for the prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of the Instrument have been satisfied.
TSX Venture Exchange has been advised that closing occurred on June 29, 2016, for gross proceeds of $12,608,692.
Agents: AltaCorp Capital Inc., GMP Securities L.P., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., FirstEnergy Capital Corp. and PI Financial Corp.
Offering: 54,820,400 units. Each unit consisting of one share and one-half of one warrants. Each Whole warrant to purchase one share.
Unit Price: $0.23 per unit.
Warrant Exercise Price/Term: $0.40 for up to 36 months from the date of issuance.
Agents' Fee: cash commission equal to 5% of the gross proceeds raised.
Greenshoe Option: The Agent may over-allot the units in connection with this offering and the Company has granted to the Agent, an option to purchase 1,688,990 additional units price of $0.23 per unit, up to the close of business July 29, 2016.
New Listing-Warrants
Effective at the opening June 30, 2016, the warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as an 'Oil and Gas Extraction ' company.
Corporate Jurisdiction: Alberta
Capitalization: 27,410,199 warrants are issued and outstanding
Transfer Agent: TMX Equity Transfer Services Inc.
Trading Symbol: TOO.WT
CUSIP Number: 891099111
The warrants were issued pursuant to the Company's Prospectus dated June 22, 2016. 1 warrant entitles the holder to purchase 1 shares at a price of $0.40 per share and will expire on the date that is 36 months from the date of issuance.
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