CORAZON GOLD CORP. ("CGW")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 30, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 26, 2016:
Number of Shares: 3,906,875 shares
Purchase Price: $0.20 per share
Warrants: 1,953,438 share purchase warrants to purchase 1,953,438 shares
Warrant Exercise Price: $0.40 for a two year period
Number of Placees: 19 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Scharfe Holdings Inc.
(Brad Scharfe) Y 330,000
Victor Goncalves Y 50,000
Bao Huo Y 50,000
Jorge Orellana Y 25,000
Aggregate Pro Group Involvement P 35,000
[1 Placee]
Finder's Fee: $1,200 cash and 6,000 warrants payable to Canaccord Genuity Corp.
$3,420 cash and 17,100 warrants payable to Echelon Wealth Partners Inc.
$600 cash payable to Michael Scherer
Finder's fee warrants are exercisable at $0.40 per share for two years.
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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