SAVARY GOLD CORP. ("SCA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 3, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 30, 2014:
Number of Shares: 27,000,000 shares
Purchase Price: $0.05 per share
Warrants: 13,500,000 share purchase warrants attached to purchase 13,500,000 shares
Warrant Exercise Price: $0.07 for a three year period
Number of Placees: 56 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Metal Tree Inc. (Don Dudek) Y 400,000
GMP Securities LP ITF Brianna Davies (Brianna Davies) Y 100,000
GMP Securities LP ITF Craig Pearman (Craig Pearman) Y 100,000
Daniel Nocente 5840 Y 500,000
PI Financial ITF 2051580 Ontario Inc. (Stan Bharti) Y 242,000
Aggregate ProGroup Involvement P 1,700,000
[4 placees]
Finder's Fee: An aggregate of $22,020 is payable to Canaccord Genuity Corp, Halfer Overseas, Bob Kerr, PI Financial Corp. and Foremost Capital Corp.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). 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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