SAVANT EXPLORATIONS LTD. ("SVT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 31, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 19, 2016:
Number of Shares: 7,000,000 shares
Purchase Price: $0.015 per share
Warrants: 3,500,000 share purchase warrants to purchase 3,500,000 shares
Warrant Exercise Price: $0.05 for a two year period
Number of Placees: 1 Placee
Finder's Fee: $5,250 cash payable to Leede Jones Gable Inc.
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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