BCGOLD CORP. ("BCG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 2, 2016
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 April 14, 2016:
Number of Shares: 5,720,000 shares
Purchase Price: $0.05 per share
Warrants: 5,720,000 share purchase warrants to purchase 5,720,000 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 18 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement 550,000
[1 Placee]
Finder's Fee: Haywood Securities Inc. - $14,400 and 288,000 Finder's Warrants that are exercisable into common shares at $0.05 per share for a one year period.
PI Financial Corp. - $3,200 and 64,000 Finder's Warrants that are exercisable into common shares at $0.05 per share for a one year period.
Canaccord Genuity Corp. - $800 and 16,000 Finder's Warrants that are exercisable into common shares at $0.05 per share 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(s). 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.
________________________________________
|
|
