EMPOWER TECHNOLOGIES CORPORATION ("EPT")
BULLETIN TYPE: Private Placement-Non-Brokered, Shares for Debt, Shares for Bonuses
BULLETIN DATE: June 27, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 17, 2014:
Number of Shares: 540,000 shares
Purchase Price: $0.10 per share
Warrants: 270,000 share purchase warrants to purchase 270,000 shares
Warrant Exercise Price: $0.15 for a one year period
Number of Placees: 5 placees
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.
Shares for Debt
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,500,000 shares to settle outstanding debt for $125,000.
Number of Creditors: 4 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Edward Bagg Y $48,000 $0.05 960,000
Paul Leung Y $36,000 $0.05 720,000
Amy Chan Y $36,000 $0.05 720,000
Mahony Cai Y $5,000 $0.05 100,000
The Company shall issue a news release when the shares are issued and the debt extinguished.
Shares for Bonuses
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,600,000 bonus shares to Paul Leung and Amy Chan in consideration of loans totaling $400,000.
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