INNOVATIVE PROPERTIES INC. ("INR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 17, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 19, 2013. This private placement utilizes the Exchange's Temporary Relief Measures announced August 17, 2012, December 12, 2012 and April 12, 2013.
Number of Shares: 10,000,000 shares
Purchase Price: $0.015 per share
Warrants: 10,000,000 share purchase warrants to purchase 10,000,000 shares
Warrant Exercise Price: $0.05 for a one year period
$0.10 in the second year
Number of Placees: 11 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
JG Wealth Management Corporation (Eugene Beukman) Y 500,000
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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