PANORO MINERALS LTD. ("PML")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 7, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 8, 2016:
Number of Shares: 36,717,817 shares
Purchase Price: $0.18 per share
Warrants: 18,358,908 share purchase warrants to purchase 18,358,908 shares
Warrant Exercise Price: $0.27 for a two year period
Number of Placees: 13 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Luquman Shaheen Y 253,000
William Boden Y 600,000
HudBay Minerals Inc. Y 4,120,968
Lorne Torhjelm Y 100,000
Christiaan Staargaard Y 50,000
Aggregate Pro Group Involvement P 205,000
[2 Placees]
Finder's Fee: $181,434.77 cash payable to Kallpa Securities S.A.B.
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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