TERRAX MINERALS INC. ("TXR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 4, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 24, 2014 and October 16, 2014:
Number of Shares: 7,927,786 shares
Purchase Price: $0.35 per share
Warrants: 3,963,893 share purchase warrants to purchase 3,963,893 shares
Warrant Exercise Price: $0.50 for a three year period
Number of Placees: 24 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 20,000
[1 placee]
Finder's Fee: $12,250 and 35,000 finder's warrants payable to Mackie Research Capital Corp.
$1,825.25 and 5,125 finder's warrants payable to IPC Securities Corp.
$4,200 payable to Buro Doko BV
$55,230 payable to Euroscandic International Group Inc.
$44,310 payable to Canfarm Investments
$5,120.50 and 14,630 finder's warrants payable to Jordan Capital Markets Inc.
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.
________________________________________
|
|
