TERRAX MINERALS INC. ("TXR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 27, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 12, 2016, May 2, 2016, May 9, 2016 and May 13, 2016:
Number of Shares: 2,748,000 flow through shares
6,035,000 non flow through shares
Purchase Price: $0.40 per flow through share
$0.35 per non flow through share
Warrants: 3,017,500 share purchase warrants to purchase 3,017,500 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
[ 2 Placees] 313,000 flow through
Finder's Fee: $41,160 plus 30,000 finders warrants is payable to Oberon Capital Corporation
$15,012 plus 110,430 finders warrants is payable to Eventus Capital Corp.
$3,480 plus 8,700 finders warrants is payable to MacDougall, MacDougall & MacTier Inc.
$2,400 plus 6,000 finders warrants is payable to Canaccord Genuity Corp.
18,000 common shares is payable to Peter Vermeulen
$38,500 is payable to Elemental Captial Partners, LLP
$47,145 is payable to Canfarm Investments Ltd.
All finders warrants are exercisable at $0.40 per share for two years.
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