PARLANE RESOURCE CORP. ("PPP")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: Apr 20, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Apr 18, 2016:
Convertible Debenture $100,000.00
Initial Conversion Price: $0.15 per common share
Term of Maturity: 2 Years
Interest Rate: 8%
Warrants: 333,334 share purchase warrants to purchase 333,334 shares
Initial Exercise Price: $0.20
Term to Expiry: 2 Years
Number of Placees: 1 Placee
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.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantees the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
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