SAMA RESOURCES INC. ("SME")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 16, 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 May 9, 2016:
Number of Shares: 2,650,500 shares
Purchase Price: $0.10 per share
Warrants: 2,650,500 share purchase warrants to purchase 2,650,500 shares
Warrant Exercise Price: $0.15 for a five year period
Number of Placees: 14 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 100,000
[1 Placee]
Finder's Fee: Echelon Wealth Partners receive $8,050 and 80,500 non-transferable warrants, each exercisable for one share at a price of $0.15 per share for a five year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the first tranche of the private placement on May 20, 2016.
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