LARA EXPLORATION LTD. ("LRA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 20, 2022
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 19, 2022:
Number of Shares: 6,153,846 shares
Purchase Price: $0.65 per share
Warrants: 3,076,923 share purchase warrants to purchase 3,076,923 shares
Warrant Exercise Price: $1.00 for a three year period
Number of Placees: 17 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Miles F. Thompson Y 461,538
Pedra da Gavea Co. Ltd.
(William C. Steers) Y 76,000
Steven M. Yuzpe Y 38,461
Christopher B. Jones Y 38,461
Aggregate Pro Group Involvement P 38,000
[1 placee]
Finder's Fee: 1,520 units payable to Haywood Securities Inc.
18,000 units payable to Primary Capital Inc.
Each finder's fee unit consists of one share and one half of a warrant with each warrant exercisable at $1.00 per share for three years.
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), 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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