SPARROW VENTURES CORP. ("SPW.H")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: January 6, 2017
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 17, 2016:
SECOND TRANCHE:
Convertible Debenture $20,205
Conversion Price: Convertible into post consolidated (on the consolidation basis of 10 old for 1 new) units consisting of one common share and one common share purchase warrant at a price based on the post-consolidated 10 day average closing price of the Company's common shares following the resumption of trading on NEX.
Maturity date: 24 months from the date of issuance
Warrants Each warrant will have a term of one year from the date of issuance at an exercise price based on the post-consolidated 10 day average closing price of the Company's common shares following the resumption of trading on NEX.
Interest rate: 11% per annum
Number of Placees: 2 Placees
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