SEARCH MINERALS INC. ("SMY") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 27, 2014 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 31, 2014:
Number of Shares: 14,260,000 shares
Purchase Price: $0.05 per share
Warrants: 14,260,000 share purchase warrants to purchase 14,260,000 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 16 placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares RJS Management Services Ltd. (Raymond J. Saunders) Y 4,000,000 Dreisinger Holdings Inc. (David Dreisinger) Y 1,300,000 Greg Andrews Y 100,000 James M. Patterson Y 400,000 James D. Clucas Y 1,200,000 Randy R. Miller Y 1,360,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [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.] ________________________________________
|
|