HEATHERDALE RESOURCES LTD. ("HTR") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s BULLETIN DATE: December 24, 2012 TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 13, 2012:
Convertible Debenture $3,000,000
Conversion Price: Convertible into 15,000,000 common shares at a conversion price of $0.20 per share
Maturity date: Two years from date of issuance
Interest rate: 8%
Number of Placees: 1 placee
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P / Principal Amount Sino-Canada Natural Resources Fund I (Sijie Chen) Y $3,000,000
Finder's Fee: $180,000 payable to Capital Asia Investment Holdings Group Ltd. (Benjamin Zhai, Thomas Lau and Scott Tian)
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. ________________________________________
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