XCITE ENERGY LIMITED ("XEL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 17, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 17, 2013 and closed December 30, 2013:
Number of Shares: 1,000,000 share units ("Units")
Each Unit consists of one common share and one common share purchase warrant
Purchase Price: USD$1.60 per share (approximately CAD$1.7024)
Warrants: 1,000,000 share purchase warrants to purchase 1,000,000 shares
Warrant Exercise Price: #0.98 (approximately CAD$1.7024) until December 30, 2016
Number of Placees: 7 placees
Insider / Pro Group Participation: None
Finder's Fee: USD$12,000 payable to Pareto Securities AS
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