VERSAPAY CORPORATION ("VPY")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 14, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced January 13, 2014:
Number of Shares: 4,167,000 shares
Purchase Price: $1.20 per share
Warrants: 2,083,500 share purchase warrants to purchase 2,083,500 shares
Warrant Exercise Price: $1.50 until February 4, 2016
Number of Placees: 51 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Craig O'Neill Y 25,000
Aggregate Pro Group Involvement P 93,900
[1 placee]
Underwriter's Fee: $350,028 in cash and 291,690 broker warrants payable to Mackie Research Capital Corporation. Each broker warrant entitles the holder to acquire one unit at $1.20 for a two year period.
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.
For further details, please refer to the Company's news release dated February 4, 2014.
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