SECOVA METALS CORP. ("SEK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 31, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced November 5, 2015:
Number of Shares: 5,000,000 flow through shares
1,000,000 non-flow through shares
Purchase Price: $0.075 per flow through share
$0.05 per non-flow through share
Number of Placees: 6 Placees
Finder's Fee: Delbrook Capital Corp. receives $26,400 and 352,000 non-transferable warrants, each exercisable for one share at a price of $0.075 per share for a one year period.
Asia Asset Management (Munir Au) receives 40,000 shares.
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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