RYE PATCH GOLD CORP. ("RPM")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: February 9, 2018
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 17, 2018:
Number of Shares: 15,384,700 shares
Purchase Price: $1.30 per share
Warrants: 15,384,700 share purchase warrants to purchase 15,384,700 shares
Warrant Exercise Price: $1.65 for a two year period
Number of Placees: 25 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Donald Smith Value Fund, L.P. Y 5,075,000
Agent's Fee: PI Financial Corp., Canccord Genuity Corp. and Industrial Alliance Securities Inc. receive a total of $1,000,005.50 and 307,694 compensation options, where each compensation option is exercisable for one share at a price of $1.30 for two years.
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 January 31, 2018. [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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