TIREX RESOURCES LTD. ("TXX") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 13, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of a Non-Brokered Private Placement announced September 22, 2016:
Number of Shares: 4,323,500 shares
Purchase Price: $0.10 per share
Warrants: 2,161,750 share purchase warrants to purchase 2,161,750 shares
Warrant Exercise Price: $0.15 for a one year period, the warrants are subject to an accelerated exercise provision in the event the Company's shares trade at least $0.30 per share for 10 consecutive trading days.
Number of Placees: 16 Placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares George Gorzynski Y 100,000
The Company issued a news release on October 12, 2016 confirming closing of the second tranche of the private placement. 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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