JAXON MINERALS INC. ("JAX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 24, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 14, 2017 and March 30, 2017:
Number of Shares: 8,463,144 shares
Purchase Price: $0.07 per share
Warrants: 8,463,144 share purchase warrants to purchase 8,463,144 shares
Warrant Exercise Price: $0.12 for a two year period
Number of Placees: 27 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Jason Cubitt Y 1,000,000
Aggregate Pro Group Involvement P 500,000
[2 Placees]
Finder's Fee: $8,921.61 payable to Ascenta Finance Corp, with 127,452 options. Each option is exercisable into one unit at $0.07, each unit consisting of one share and one warrant. Each warrant is exercisable at $0.12 for two years
$18,760 payable to Quaestus Strategies Corp. (Emma Fairhurst), with 268,000 warrants exercisable at $0.12 for two years
The Company issued news releases on April 5, 2017 and April 21, 2017 confirming closing of the private placement. 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.
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