MIDNIGHT SUN MINING CORP. ("MMA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 14, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 6, 2017:
Number of Shares: 9,002,708 shares
Purchase Price: $0.30 per share
Warrants: 9,002,708 share purchase warrants to purchase 9,002,708 shares
Warrant Exercise Price: $0.45 for a one year period
Number of Placees: 56 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Brett Richards Y 834,210
Richard Mazur Y 30,000
Aggregate Pro Group Involvement P 1,263,000
[6 Placee(s)]
Finder's Fee: Canaccord Genuity Corp. $103,040.01 cash and 343,466 finder warrants payable.
BMO Nesbitt Burns $38,500 cash and 136,499 finder warrants payable.
-Each finder warrant is exercisable into one common share at $0.45 until close of business November 27, 2018.
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. [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.]
________________________________________
|
|
