SELECT SANDS CORP. ("SNS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 6, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 14, 2015:
Number of Shares: 12,575,000 shares
Purchase Price: $0.40 per share
Warrants: 6,287,500 share purchase warrants to purchase 6,287,500 shares
Warrant Exercise Price: $0.60 for a three year period
Number of Placees: 60 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
LMT Financial Inc. (Arnold Tenney) Y 147,500
Lakehead Geological Services Inc.
(Douglas Turnbull) Y 12,500
Steven Goldman Y 187,500
Arnold Tenney Y 102,500
Rasool Mohammad Y 125,000
Darren Urqhart Y 25,000
Zigurds Vitols Y 125,000
Aggregate Pro Group Involvement P 250,000
[1 Placee]
Finder's Fee: Canaccord Genuity Corp. receives $61,875 and 206,250 non-transferable warrants.
GMP Securities LP receives $4,500 and 15,000 non-transferable warrants.
Octagon Capital Corporation receives $12,000 and 40,000 non-transferable warrants.
Dundee Capital Markets receives $63,000 and 210,000 non-transferable warrants.
Kes7 Capital Inc. (Mark Christensen) receives $109,275 and 364,250 non-transferable warrants.
Each non-transferable warrant is exercisable for one share at a price of $0.40 for a three year period.
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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