LAKELAND RESOURCES INC. ("LK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 10, 2103
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the Second and Final Tranche of a Non-Brokered Private Placement announced August 16, 2013:
Number of Shares: 340,000 Flow-through shares
Purchase Price: $0.125 per Flow-through share
Number of Shares: 2,764,480 Non Flow-through shares
Purchase Price: $0.10 per Non Flow-through share
Warrants: 3,104,480 share purchase warrants to purchase 3,104,480 shares
Warrant Exercise Price: $0.15 for a one year period
Number of Placees: 27 placees
Finders' Fees: Canaccord Genuity Corp. - $910 cash and 9,100 finder's units payable.
Leede Financial Markets Inc. - $2,656 cash and 26,565 finder's units payable.
Macquarie Private Wealth Inc. - $1,785 cash and 17,850 finder's units payable.
Wolverton Securities - $350 cash and 3,500 finder's units payable.
Haywood Securities - $1,400 cash and 14,000 finder's units payable.
Accilent Capital Management - $1,750 cash and 14,000 finder's units payable.
Mackie Research Capital Corporation - $7,000 cash and 70,000 finder's units payable.
- Each finder's unit consists of one common share and one share purchase warrant exercisable into one common share at $0.15 for one year from closing.
National Bank of Canada - $3,850 cash and 38,500 finder's warrants payable.
- Each finder's warrant is exercisable into one common share at $0.15 for one year from closing.
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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