CANADIAN INTERNATIONAL MINERALS INC. ("CIN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 6, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 12, 2014:
Number of Shares: 9,000,000 shares
Purchase Price: $0.055 per share
Warrants: 9,000,000 share purchase warrants to purchase 9,000,000 shares
Warrant Exercise Price: $0.10 for a one year period
Number of Placees: 33 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Christopher Verrico Y 182,000
Garth Evans Y 182,000
Casey Forward Y 612,500
Michael Schuss Y 672,500
Aggregate Pro Group Involvement P 185,000
[2 placees]
Finders' Fees: $1,760 cash and 32,000 warrants payable to PI Financial Corp.
$5,005 cash and 91,000 warrants payable to Michael Eng
- Finder's fee warrants are exercisable at $0.10 per share for one year.
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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