KING'S BAY GOLD CORPORATION ("KBG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 16, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Octocber 27, 2016:
Number of Shares: 12,516,700 shares
Purchase Price: $0.075 per share
Warrants: 12,516,700 share purchase warrants to purchase 12,516,700 shares
Warrant Initial Exercise Price: $0.12
Warrant Term to Expiry: 2 Years
Number of Placees: 62 Placees
Insider / Pro Group Participation:
Insider=Y /
Name Pro-Group=P # of Shares
Kevin Bottomley Y 133,333
Bradley Hoeppner Y 100,000
Aggregate Pro-Group Involvement [2 Placees] P 400,000
Finder's Fee:
Haywood Securities Inc. $6,000.00 cash
PI Financial Corp. $600.00 cash; 33,600 shares; 33,600 warrants
Finder Warrant Initial Exercise Price: $0.12
Finder Warrant Term to Expiry: Each Warrant will entitle the holder to acquire one common share at $0.12 until December 30, 2018.
The Company issued a news release on January 3, 2017 confirming closing of the private placement. 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.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
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