SAN MARCO RESOURCES INC. ("SMN") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: April 22, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Mar 15, 2016:
Number of Shares: 8,791,000 shares
Purchase Price: $0.05 per share
Warrants: 8,791,000 share purchase warrants to purchase 8,791,000 shares
Warrant Initial Exercise Price: $0.05
Warrant Term to Expiry: 3 Years. The expiry date of the Warrants can be reduced to 20 trading days after notice thereof if the closing price of the common shares on the Exchange equals or exceeds, for 15 consecutive trading days, $0.10 per share in the first year, $0.20 per share in the second year or $0.30 per share in the third year.
Number of Placees: 27 Placees
Insider / Pro Group Participation: Insider=Y / Name Pro-Group=P # of Shares R. S. (Tookie) Angus Y 600,000 William Myckatyn Y 100,000 Robert Willis Y 200,000 Aggregate Pro-Group Involvement[5 Placees] P 1,481,000
Finder's Fee: Haywood Securities Inc. 349,370 shares Blackswan B.V. 42,000 shares
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.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction. ________________________________________
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