RYE PATCH GOLD CORP. ("RPM")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: June 27, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced June 2, 2016:
Number of Securities: 223,247,242 subscription receipts. Each subscription receipt is convertible into one common share, for no additional consideration, upon the completion of: (1) the acquisition of the Florida Canyon gold mine, and (2) a credit facility of not less than US$25 million. If the subscription receipts are not converted by August 31, 2016 or if the acquisition is terminated, the subscription funds will be returned with interest.
Purchase Price: $0.22 per subscription receipt
Number of Placees: 138 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Donald Smith Value Fund, L.P. Y 45,500,000
Aggregate Pro Group Involvement P 11,269,263
[27 Placees]
Agent's Fee: Macquarie Capital Markets Canada Ltd., Canaccord Genuity Corp., Dundee Securities Ltd. and GMP Securities L.P. receive a 5% cash commission and non-transferable warrants equal to 5% of the number of subscription receipts. Each warrant is exercisable for one share at a price of $0.22 per share for a two year period.
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 periods on June 16, 2016.
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