PARLANE RESOURCE CORP. ("PPP") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: Oct 07, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Aug 25, 2016:
Number of Shares: 2,173,180 shares
Purchase Price: $0.15 per share
Warrants: 1,176,640 share purchase warrants to purchase 1,176,640 shares
Warrant Initial Exercise Price: $0.20
Warrant Term to Expiry: 2 Years
Number of Placees: 15 Placees
Insider / Pro Group Participation: Insider=Y / Name Pro-Group=P # of Shares Gary Arca Y 333,333 Aggregate Pro-Group Involvement[1 placee] P 133,000
Finder's Fee: Global Securities Corporation $900.00 cash Canaccord Genuity Wealth Management $8,036.79 cash; 53,578 warrants
Finder Warrant Initial Exercise Price: $0.20
Finder Warrant Term to Expiry: exercisable for a period of two years
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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