AVIDUS MANAGEMENT GROUP INC. ("AVD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 9, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 19, 2015:
Number of Shares: 7,192,900 shares
Purchase Price: $0.05 per share
Warrants: 3,596,450 share purchase warrants to purchase 3,596,450 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 3 Placees
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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