LEXAGENE HOLDINGS INC. ("LXG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 17, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 14, 2017:
Number of Shares: 6,685,363 shares
Purchase Price: $0.30 per share
Warrants: 6,685,363 share purchase warrants to purchase 6,685,363 shares
Warrant Exercise Price: $0.60 for a three year period, subject to an acceleration clause
Number of Placees: 63 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
John F. Regan Y 30,000
Nicole Ridgedale Y 250,000
Aggregate Pro Group Involvement P 1,410,500
[17 Placees]
Finder's Fee: Canaccord Genuity Corp. $19,965.45 cash payable.
Canaccord Genuity Wealth Management (USA) Inc. $1,020 cash payable.
Haywood Securities Inc. $26,452.50 cash payable.
PI Financial Corp. $7,845 cash payable.
Raymond James Ltd. $495 cash payable.
Leede Jones Gable Inc. $1,275 cash payable.
Qtrade Securities Inc. $1,995 cash payable.
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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