KAZAX MINERALS INC. ("KZX")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: July 22, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 7, 2014:
Convertible Debentures $3,200,000
Conversion Price: Convertible into units consisting of one common share and one-half of one common share purchase warrant at $0.05 per unit in the first year, and $0.10 per unit in the second and third year.
Maturity date: Three years from date of issuance
Warrants Each warrant will have a term of three years from the date of issuance of the debenture and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.10.
Interest rate: Nil
Number of Placees: 2 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P Value of Debenture
Riad Al Sadek Y $1,600,000
Moshtagh Mostaghi Y $1,600,000
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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