LOWELL COPPER LTD. ("JDL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 24, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 22, 2016 and March 10, 2016:
Number of Shares: 28,779,400 shares
Purchase Price: $0.12 per share
Warrants: 14,389,700 share purchase warrants to purchase 14,389,700 shares
Warrant Exercise Price: $0.20 for a five year period
Number of Placees: 25 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
J. David Lowell Y 8,694,400
Zebra Holdings and Investments Limited Y 8,333,333
Marcel de Groot Y 625,000
Steven Krause Y 100,000
Aggregate Pro Group Involvement P 1,375,000
[4 placees]
Finder's Fee: Canaccord Genuity Corp. receives $12,132
Dundee Goodman Private Wealth receives $8,820
Medalist Capital Ltd. receives $5,760
Haywood Securities Inc. receives $1,800
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
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