KAZAX MINERALS INC. ("KZX")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: September 26, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 15, 2013:
Convertible Debenture $19,568,893
Conversion Price: Convertible into 130,459,286 units, each unit consisting of one common share and one-half of a common share purchase warrant at a price of $0.15 per unit. The debentures will convert upon receipt of consent from the Ministry of Industry and New Technologies of the Republic of Kazakhstan.
Maturity date: Three years from closing
Warrants The warrants are exercisable at the price of $0.35 for three years from date of issuance of the debentures, subject to an accelerated expiry.
Interest rate: nil
Number of Placees: 5 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P Principal Amount
Riad Al Sadek Y $7,557,427.96
Moshtagh Mostaghi Y $7,557,427.96
Safin Element GmbH Y $1,650,000
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.
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