SECOVA METALS CORP. ("SEK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 12, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 14, 2016:
Number of Shares: 4,178,818 flow through shares
1,800,000 non-flow through shares
Purchase Price: $0.055 per flow through share
$0.05 per non-flow through share
Warrants: 1,800,000 share purchase warrants attached to non-flow through shares to purchase 900,000 shares
Warrant Exercise Price: $0.10 for a one year period
Number of Placees: 25 Placees
Finder's Fee: EMD Financial Inc. receives $13,547 and 246,305 non-transferable warrants, each exercisable at $0.055 for a one year period.
Jean-David Moore receives 64,000 warrants exercisable at $0.055 for a one year period, and 8,000 warrants exercisable at $0.05 for a one year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on August 2, 2016. [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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