MOOVLY MEDIA INC. ("MVY")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 16, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 4, 2017 and March 13, 2017:
Number of Shares: 5,359,518 shares
Purchase Price: $0.15 per share
Warrants: 5,359,518 share purchase warrants to purchase 5,359,518 shares
Warrant Exercise Price: $0.25 for a one year period
Number of Placees: 26 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 200,000
[2 Placees]
Finder's Fee: Leede Jones Gable Inc. $22,590 cash and 186,800 compensation options payable.
PI Financial Corp. $4,500 cash and 20,000 compensation options payable.
Canaccord Genuity Corp. $5,040 cash and 22,400 compensation options payable.
Raymond James Ltd. $4,050 cash and 18,000 compensation options payable.
Mackie Research Capital Corporation $2,700 cash and 12,000 compensation options payable.
-Each compensation option is exercisable into a Unit at $0.15 until March 21, 2019. Each Unit consists of one common share and one share purchase warrant. Each share purchase warrant is exercisable into one common share at $0.25 until March 21, 2109.
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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