DISCOVERY VENTURES INC. ("DVN")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: July 10, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 29, 2015 and June 10, 2015:
Convertible Credit Facility $2,000,000
Conversion Price: Convertible into 20,000,000 common shares and 20,000,000 common share purchase warrant at $0.10 of principal outstanding.
Maturity date: Two years from each draw down date.
Warrants Each warrant will have a term of three years from the date of conversion and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.15 for a three year period.
Interest rate: 6% per annum
Number of Placees: 1 Placee
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Dan Omeniuk Y 20,000,000
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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