AVIDUS MANAGEMENT GROUP INC. ("AVD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 28, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the First Tranche of a Non-Brokered Private Placement announced July 16, 2014:
Number of Shares: 7,091,700 shares
Purchase Price: $0.10 per share
Warrants: 7,091,700 share purchase warrants to purchase 7,091,700 shares
Warrant Exercise Price: $0.20 for a three year period
Number of Placees: 11 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Douglas Ridley Y 214,900
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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