DEFIANCE SILVER CORP. ("DEF")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the third and final tranche of a Non-Brokered Private Placement announced January 28, 2014:
Number of Shares: 20,000,000 shares
Purchase Price: $0.05 per share
Warrants: 20,000,000 share purchase warrants to purchase 20,000,000 shares
Warrant Exercise Price: $0.05 for a two year period. If the volume weighted average trading price is at $0.20 or higher for 20 consecutive trading days at any time after 12 months from closing, the Company may, upon giving notice to the warrantholder, shorten the expiry date of the warrants to 30 days from the date of notice.
Number of Placees: 10 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Windermere Capital Fund SPC
Breakaway Strategic Resource Segregated Portfolio
(Christopher Wright & Brian Ostroff) Y 18,000,000
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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