AMERICAS PETROGAS INC. ("BOE")
BULLETIN TYPE: Prospectus-Unit Offering
BULLETIN DATE: June 11, 2014
TSX Venture Tier 1 Company
Effective June 2, 2014, the Company's Prospectus dated June 2, 2014 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta and Ontario Securities Commissions on June 2, 2014. The prospectus has also been filed under Multilateral Instrument 11-102 Passport System in British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador. A receipt for the prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of the Instrument have been satisfied.
TSX Venture Exchange has been advised that closing occurred on June 10, 2014, including 2,500,000 Units pursuant to the full exercise of the over allotment option, for gross proceeds of $17,249,999.
Underwriters: Mackie Research Capital Corporation
RBC Dominion Securities Inc.
TD Securities Inc.
Cormark Securities Inc.
Offering: 19,166,666 common share units ("Units")
Each Unit consists of one common share and one-half of one common share purchase warrant ("Warrant").
Unit Price: $0.90 per Unit
Warrant Exercise Price/Term: Each whole Warrant will entitle the holder to purchase one common share of the Company ("Share") at a price of $1.125 per Share for a period of 36 months.
Underwriter's Commission: Cash commission equal to 6% of the gross proceeds to be paid to the Underwriters.
The Underwriters will also receive 575,000 non-transferable options ("Compensation Options"), each Compensation Option is exercisable to purchase one Unit at a price $0.90 per Unit for a period of 12 months after closing.
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