RUGBY MINING LIMITED ("RUG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 28, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 24, 2016:
Number of Shares: 9,000,000 shares
Purchase Price: $0.30 per share
Warrants: 4,500,000 share purchase warrants to purchase 4,500,000 shares
Warrant Exercise Price: $0.45 for a one year period
$0.60 in the second year
Number of Placees: 76 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Bryce Roxburgh Y 260,000
Rowen Company Limited (Bryce Roxburgh) Y 190,000
Berenvy Pty. Limited (Paul Joyce) Y 166,667
Jonathan Hermanson Y 100,000
Robert Reynolds Y 184,017
Aggregate Pro Group Involvement P 1,000,057
[13 Placees]
Finder's Fee: Haywood Securities Inc. receives $18,672.50
Canaccord Genuity Corp. receives $29,597.73
PI Financial Corp. receives $1,500.00
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on July 26, 2016. [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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