BRS VENTURES LTD. ("BRV.H")
BULLETIN TYPE: Consolidation, Private Placement-Non-Brokered
BULLETIN DATE: November 1, 2011
NEX Company
Consolidation
Pursuant to a special resolution passed by shareholders April 21, 2011, the Company has consolidated its capital on a three (3) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening November 2, 2011, shares of BRS Ventures Ltd. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Capital Pool Company'.
Post - Consolidation
Capitalization: Unlimited shares with no par value of which
1,966,666 shares are issued and outstanding (prior to Private Placement)
Escrow 475,000 shares are subject to escrow (prior to Private Placement)
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: BRV.H (UNCHANGED)
CUSIP Number: 05569Y206 (new)
Private Placement-Non-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 19, 2011:
Number of Shares: 10,000,000 post-consolidated shares
Purchase Price: $0.05 per share
Number of Placees: 16 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
James L. Harris Y 100,000
Barry Girling Y 50,000
Robert McMorran Y 100,000
Finder's Fee: 975,000 post-consolidated shares payable to Larry Aligizakis.
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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