SECOVA METALS CORP. ("SEK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 30, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 22, 2017:
Number of Shares: 50,000,000 shares
Purchase Price: $0.05 per share
Warrants: 50,000,000 share purchase warrants to purchase 50,000,000 shares
Warrant Exercise Price: $0.08 for a two year period
Number of Placees: 142 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
P. Bradley Kitchen Y 1,690,000
Morgan Good Y 1,250,000
Finder's Fee: David Vincent receives 2,090,400 shares and 2,090,400 non-transferable warrants.
Jonathan Williams receives $2,000 and 40,000 non-transferable warrants.
Mark Turcotte receives $12,800 and 256,000 non-transferable warrants.
Jean-David Moore receives $15,720 and 314,400 non-transferable warrants.
Haywood Securities Inc. receives $6,000 and 120,000 non-transferable warrants.
Canaccord Genuity Corp. receives $400 and 8,000 non-transferable warrants.
Mackie Research Capital Corp. receives $400 and 8,000 non-transferable warrants.
The warrants are exercisable for one share at a price of $0.05 for one year.
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 February 21, 2017. [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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