SOURCE EXPLORATION CORP. ("SOP")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 23, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 22, 2014:
Number of Shares: 10,257,166 shares
Purchase Price: $0.12 per share
Warrants: 10,257,166 share purchase warrants to purchase 10,257,166 shares
Warrant Exercise Price: $0.20 for a five year period
Number of Placees: 57 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Nathan Dyll Y 35,000
Brian Robertson Y 100,000
Aggregate Pro Group Involvement P 2,134,116
[11 placees]
Finders' Fees: Gabriela Gates receives $720 and 6,000 non-transferable warrants*.
Haywood Securities Inc. receives $36,484 and 320,700 non-transferable warrants*.
HBS Financial Planning Ltd. receives $2,000.
Douwe van Hees receives $2,880 and 24,000 non-transferable warrants*.
Jordan Capital Markets Inc. receives $7,200 and 60,000 non-transferable warrants*.
PI Financial Corp. receives $8,640 and 72,000 non-transferable warrants*.
Robert Orr receives $1,498 and 12,480 non-transferable warrants*.
The Alyris Group (Dan Mechis, Ewan Downie, and Steve Filipovic) receives $2,664 and 22,200 non-transferable warrants*.
*Each non-transferable warrant is exercisable for one share at a price of $0.20 for a five-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.]
________________________________________
|
|
