WEST KIRKLAND MINING INC. ("WKM") ("WKM.WT")
BULLETIN TYPE: Prospectus-Share Offering, Private Placement-Non-Brokered, New Listing-Warrants, Amendment
BULLETIN DATE: May 12, 2014
TSX Venture Tier 2 Company
Further to the bulletin dated April 21, 2014, the Exchange has accepted for filing the following:
Private Placement-Non-Brokered:
TSX Venture Exchange (the 'Exchange') has accepted for filing documentation with respect to the second (and final) tranche of a Non-Brokered Private Placement announced April 9, 2014 and May 2, 2014:
Number of Shares: 22,700,000 shares
Purchase Price: $0.15 per share
Warrants: 22,700,000 share purchase warrants to purchase 22,700,000 shares
Warrant Exercise Price: $0.30 at any time prior to April 17, 2019
Number of Placees: 207 placees
Finders' Fees: $175,626 payable to Sprott Global Resource Investments, Ltd.
$28,674 payable to Sprott Private Wealth LP
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.
Prospectus-Share Offering:
Further to the Exchange Bulletin dated April 21, 2014, the Exchange has accepted an amendment with respect to West Kirkland Mining Inc.'s (the 'Company') recently announced Offering.
The Exchange has been advised that a syndicate of agents co-led by Cormark Securities Inc. and PI Financial Corp., and including GMP Securities L.P. and Macquarie Capital Markets Canada Ltd. (collectively, the 'Agents') have additionally exercised, in part, their over-allotment option to purchase a further 3,333,000 Units at the Offering price of $0.15 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant (a 'Warrant'), each Warrant exercisable into one common share of the Company at a price of $0.30 at any time prior to April 17, 2019.
Accordingly, the gross proceeds raised by the Company in respect of the Offering have increased by $499,950. A commission of 6% of the additional gross proceeds raised was paid to the Agents as a commission.
Listing of Additional Warrants:
The additional 26,033,000 Warrants granted under the Offering and the second tranche of the Non-Brokered Private Placement are listed for trading on the Exchange with the same terms, expiry date and Warrant CUSIP Number as those common share purchase warrants previously listed for trading at the opening Tuesday, April 22, 2014. Refer to the Exchange's bulletin dated April 21, 2014 for further information.
Please also refer to the Company's news release issued on May 8, 2014.
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