DEFIANCE SILVER CORP. ("DEF")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 2, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 15, 2017:
First Tranche:
Number of Shares: 4,860,001 shares
Purchase Price: $0.30 per share
Warrants: 4,860,001 share purchase warrants to purchase 4,860,001 shares
Warrant Exercise Price: $0.45 for a two year period
Number of Placees: 36 Pacees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Ronald E. Sowerby Y 100,000
Kesa Capital Corp.
(Darrell Rader) Y 35,000
Paul A. Smith Y 175,000
Windermere Capital Fund SPC/
Navigator SP (Victor Murray) Y 700,000
Finder's Fee: $10,080 cash and 33,600 warrants payable to Raymond James Ltd.
$8,000 cash payable to Mackie Research Capital Corporation
$93,640 cash payable to Windermere Capital (Canada) Inc.
Finder's fee warrants are exercisable at $0.45 per share for two years.
Second Tranche:
Number of Shares: 890,000 shares
Purchase Price: $0.30 per share
Warrants: 890,000 share purchase warrants to purchase 890,000 shares
Warrant Exercise Price: $0.45 for a two year period
Number of Placees: 45 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Roy Bonnell Y 80,000
Finder's Fee: $19,440 cash payable to Windermere Capital (Canada) Inc.
Finder's fee warrants are exercisable at $0.45 per share for two years.
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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