DISCOVERY VENTURES INC. ("DVN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 13, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 4, 2014 and July 22, 2014:
Number of Shares: 8,385,666 shares
Purchase Price: $0.15 per share
Warrants: 4,192,833 share purchase warrants to purchase 4,192,833 shares
Warrant Exercise Price: $0.30 for a three year period
Number of Placees: 38 placees
Finder's Fee: $29,160 and 203,400 warrants payable to Haywood Securities Inc. and Canaccord Genuity Corp.
- Each warrant is exercisable at a price of $0.30 for a three year period.
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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