SAVARY GOLD CORP. ("SCA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 27, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 19, 2015:
Number of Shares: 60,000,000 common shares
Purchase Price: $0.05 per share
Warrants: 30,000,000 share purchase warrants attached to purchase 30,000,000 shares
Warrant Exercise Price: $0.08 for a three year period
Number of Placees: 37 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Ross Beaty Y 28,000,000
Finder's Fee: an aggregate of $103,425 plus 2,908,500 finders' warrants (each exercisable into one common share at a price of $0.08 for a three year period) is payable to Odlum Brown Ltd., Dundee Securities Ltd., Altus Securities Inc. and
Jones Gable & Company Ltd.
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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