ALSET MINERALS CORP. ("ION")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 11, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 27, 2017 and May 9, 2017:
Number of Shares: 2,878,846 shares
Purchase Price: $0.13 per share
Warrants: 2,878,846 share purchase warrants to purchase 2,878,846 shares
Warrant Exercise Price: $0.20 for a one year period. The warrants are subject to an accelerated exercise provision in the event the Company's closing price is $0.30 or greater for 10 consecutive trading days.
Number of Placees: 17 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
William Gennen McDowall Y 400,000
Brian Robertson Y 196,645
Allan Labourcan Y 130,000
William S. Harper Y 100,000
Albert Wu Y 100,000
Finder's Fee: 1916241 Ontario Ltd. (Daniel Boase) - $1,560.00 and 12,000 Broker Warrants exercisable into common shares at $0.20 per share for a 12 month period.
Mackie Research Capital Corporation - $416.00 and 3,200 Broker Warrants exercisable into common shares at $0.20 per share for a 12 month period.
Haywood Securities Inc. - $312.00 and 2,400 Broker Warrants exercisable into common shares at $0.20 per share for a 12 month period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release dated May 9, 2017 announcing the closing of the private placement and setting out the expiry dates of the hold period(s). 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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