GUYANA GOLDSTRIKE INC. ("GYA")
[formerly Swift Resources Inc. ("SWR.H")]
BULLETIN TYPE: Private Placement-Non-Brokered, Property-Asset or Share Purchase Agreement, Graduation from NEX to TSX Venture, Symbol Change, Name Change, Resume Trading
BULLETIN DATE: March 20, 2017
TSX Venture Tier 2 Company
Private Placement-Non-Brokered
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation with respect to a Non-Brokered Private Placement announced by Guyana Goldstrike Inc. (formerly, "Swift Resources Inc.", the "Company") on September 14, 2016:
Number of Shares: 8,885,235 shares
Purchase Price: $0.20 per share
Warrants: 4,442,618 share purchase warrants to purchase 4,442,618 shares
Warrant Exercise Price: $0.30 for a two year period
Number of Placees: 66 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Peter Berdusco Y 500,000
Cambrian Capital Corp. (Charles Hugh Maddin) Y 785,000
Aggregate Pro Group Involvement P 875,000
[4 Placees]
Agent's Fee: EMD Financial lnc: 118,000 warrants and $28,600
PI Financial Corp.: 45,600 warrants and $9,120
Mackie Research Capital Corp.: 16,000 warrants and $3,200
Haywood Securities Inc.: 24,000 warrants and $4,800
The agent's warrants have an exercise price of $0.30 for two years.
Property-Asset or Share Purchase Agreement
The Exchange has also accepted for filing documentation pertaining to an agreement dated November 1, 2016, as amended February 10, 2017 (the "Agreement"), among the Company, Romanex Guyana Exploration Ltd. ("Romanex"), Locke Goldsmith, Marshall Mintz, and Falcon Logistics Inc. Pursuant to the Agreement, the Company has acquired Romanex in exchange for aggregate cash consideration of US$875,000, the issuance of 4,781,250 common shares, the reimbursement of expenses up to US$100,000 as well as 468,750 warrants ($0.20).
The principal asset of the Company is a mining license in respect of the Marudi Mountain gold project, Guyana (the "Property") and certain associated equipment.
The cash consideration is payable on the following schedule:
Closing: US$225,000
First Anniversary: US$100,000
Second Anniversary: US$250,000
Third Anniversary: US$300,000
A finder's fee of 653,437 common shares is payable to Hazmagic Holdings Inc.
Insider / Pro Group Participation: N/A
Refer to the Company's news releases dated March 3, 2017 and March 17, 2017.
Graduation from NEX to TSX Venture, Symbol Change, Name Change, Resume Trading
In conjunction with the above, the Company has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective on Tuesday, March 21, 2017 the Company's listing will transfer from NEX to TSX Venture, the Company's Tier classification will change from NEX to Tier 2 and the Filing and Service Office will change from NEX to Vancouver.
Effective at the opening, on Tuesday, March 21, 2017 the trading symbol for the Company will change from SWR.H to GYA. The Company is classified as a 'Mining' company.
Pursuant to a resolution passed by directors October 12, 2016, the Company has changed its name as
follows. There is no consolidation of capital.
Effective at the opening Tuesday, March 21, 2017 the common shares of Guyana Goldstrike Inc. will
commence trading on TSX Venture Exchange Inc., and the common shares of Swift Resources Inc. will be
delisted.
Capitalization: Unlimited common shares with no par value of which
29,047,272 common shares are issued and outstanding
Escrow: Nil common shares subject to Escrow
Transfer Agent: Computershare Trust Company of Canada
Trading Symbol: GYA (NEW)
CUSIP Number: 40356P100 (NEW)
Company Contact: Peter Berdusco, Chief Executive Officer
Company Address: Suite 510, 580 Hornby Street
Vancouver, B.C., V6C 3B6
Company Phone Number: 1.877.844.4661
Company Fax Number: 604.691.6120
Company Email Address: pber@guyanagoldstrike.com
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