CRITICAL OUTCOME TECHNOLOGIES INC. ("COT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 7, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 30, 2015:
Number of Shares: 4,288,533 shares
Purchase Price: $0.30 per share
Warrants: 2,144,266 share purchase warrants to purchase 2,144,266 shares
Warrant Initial Exercise Price: $0.42
Warrant Term to Expiry: 2 Years
Number of Placees: 26 Placees
Insider / Pro Group Participation:
Insider=Y /
Name Pro-Group=P # of Shares
Alison Silva Y 60,000
Aggregate Pro-Group Involvement P 265,000
[2 Placees]
Finder's Fee:
CIBC World Markets $2,700.00 cash; 9,000 warrants; The expiry date of the Compensation warrants will be reduced to a period of 21 days if, for any ten consecutive trading days during the unexpired term of the Compensation warrants (the "Premium Trading Days"), the closing price of the Common Shares listed on the TSX Venture Exchange equals or exceeds three times the exercise price of the Compensation warrants issued in the Offering. The reduced exercise period will begin seven calendar days after the tenth Premium Trading Day
Jim Hutton $6,246.00 cash
Marco Durante 20,820 warrants; The expiry date of the Compensation warrants will be reduced to a period of 21 days if, for any ten consecutive trading days during the unexpired term of the Compensation warrants (the "Premium Trading Days"), the closing price of the Common Shares listed on the TSX Venture Exchange equals or exceeds three times the exercise price of the Compensation warrants issued in the Offering. The reduced exercise period will begin seven calendar days after the tenth Premium Trading Day
National Bank Financial $5,400.00 cash; 18,000 warrants; The expiry date of the Compensation warrants will be reduced to a period of 21 days if, for any ten consecutive trading days during the unexpired term of the Compensation warrants (the "Premium Trading Days"), the closing price of the Common Shares listed on the TSX Venture Exchange equals or exceeds three times the exercise price of the Compensation warrants issued in the Offering. The reduced exercise period will begin seven calendar days after the tenth Premium Trading Day.
Dundee Goodman
Wealth Management $3,600.00 cash; 12,000 warrants; The expiry date of the Compensation warrants will be reduced to a period of 21 days if, for any ten consecutive trading days during the unexpired term of the Compensation warrants (the "Premium Trading Days"), the closing price of the Common Shares listed on the TSX Venture Exchange equals or exceeds three times the exercise price of the Compensation warrants issued in the Offering. The reduced exercise period will begin seven calendar days after the tenth Premium Trading Day.
BMO Nesbitt Burns $2,340.00 cash; 7,800 warrants; The expiry date of the Compensation warrants will be reduced to a period of 21 days if, for any ten consecutive trading days during the unexpired term of the Compensation warrants (the "Premium Trading Days"), the closing price of the Common Shares listed on the TSX Venture Exchange equals or exceeds three times the exercise price of the Compensation warrants issued in the Offering. The reduced exercise period will begin seven calendar days after the tenth Premium Trading Day.
RBC Dominion Securities Inc $3,420.00 cash; 11,400 warrants; The expiry date of the Compensation warrants will be reduced to a period of 21 days if, for any ten consecutive trading days during the unexpired term of the Compensation warrants ("Premium Trading Days"), the closing price of the Common Shares listed on the TSX Venture Exchange equals or exceeds three times the exercise price of the Compensation warrants issued in the Offering. The reduced exercise period will begin seven calendar days after the tenth Premium Trading Day.
Finder Warrant Initial Exercise Price: $0.315
Finder Warrant Term to Expiry: 24 months
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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