TERRAX MINERALS INC. ("TXR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 7, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 13, 2015, May 19, 2015 and June 2, 2015:
Number of Shares: 11,760,000 flow-through shares
1,058,100 flow-through (units)
145,000 shares (units)
Purchase Price: $0.40 per flow-through share
$0.45 per flow-through (unit)
$0.36 per share (unit)
Warrants: 601,550 share purchase warrants to purchase 601,550 shares
Warrant Exercise Price: $0.55 for a three year period
Number of Placees: 23 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Osisko Gold Royalties Ltd. Y 6,250,000 f/t
Aggregate Pro Group Involvement P 222,222 f/t u
[4 Placees] 87,000 f/t
Finder's Fee: Euro Pacific Canada - $120,000.00 and 300,000 Finder's Warrants that are exercisable into common shares at $0.55 per share for a three year period.
Canaccord Genuity Corp. - $12,210.00 and 29,700 Finder's Warrants that are exercisable into common shares at $0.55 per share for a three year period.
MacDougall, MacDougall and MacTier Inc. - $3,623.70 and 8,886 Finder's Warrants that are exercisable into common shares at $0.55 per share for a three year period.
GMP Securities Inc. - $2,700.00 and 6,000 Finder's Warrants that are exercisable into common shares at $0.55 per share for a three year period.
Macquarie Capital Markets Canada Inc. - $11,475.00 and 25,500 Finder's Warrants that are exercisable into common shares at $0.55 per share for a three year period.
The IBIS Group - $8,100.00
Euroscandic International Group Consulting Inc. - $2,700.00
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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