BTU METALS CORP. ("BTU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: Oct 13, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Oct 12, 2017:
Number of Shares: 6,381,000 shares
Purchase Price: $0.12 per share
Warrants: 3,190,500 share purchase warrants to purchase 3,190,500 shares
Warrant Initial Exercise Price: $0.18
Warrant Term to Expiry: 18 Months
Number of Placees: 39 Placees
Insider / Pro Group Participation:
Insider=Y /
Name Pro-Group=P # of Shares
Landmark Holdings Corp. Y 417,000
(Dennis Logan)
England Communications Ltd. Y 350,000
(Michael England)
Kappa Advisors Ltd. Y 250,000
(Paul Wood)
Aggregate Pro-Group Involvement [4 Placees] P 310,000
Finder's Fee:
Haywood Securities Inc. $21,516.00 cash; 146,800 warrants
PI Financial Corp. $2,880.00 cash; 24,000 warrants
GMP Securities L.P. $1,632.00 cash; 13,600 warrants
Industrial Alliance Securities Inc. $6,019.20 cash; 50,160 warrants
Finder Warrant Initial Exercise Price: $0.12
Finder Warrant Term to Expiry: 18 Months
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.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
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