SELECT SANDS CORP. ("SNS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 15, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 14, 2016:
Number of Shares: 21,376,340 shares
Purchase Price: $0.77 per share
Number of Placees: 80 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
John Kime Y 25,000
Aggregate Pro Group Involvement P 458,351
[7 Placees]
Finder's Fee: Scarsdale Equities LLC receives $731,975.38 and 950,617 non-transferable warrants, each exercisable for one share at a price of $0.77 for a two year period.
Canaccord Genuity Corp. receives $48,274.38 and 62,694 non-transferable warrants, each exercisable for one share at a price of $0.77 for a two year period.
GMP Securities L.P. receives $12,658.80 and 16,440 non-transferable warrants, each exercisable for one share at a price of $0.77 for a two year period.
Echelon Wealth Partners Inc. receives $35,805.00 and 46,500 non-transferable warrants, each exercisable for one share at a price of $0.77 for a two year period.
Phyllis Kirchner receives $8,316.00 and 10,800 non-transferable warrants, each exercisable for one share at a price of $0.77 for a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on November 4, 2016.
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