MX GOLD CORP. ("MXL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 12, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 23, 2016:
Number of Shares: 6,065,966 shares
Purchase Price: $0.28 per share
Warrants: 6,065,966 share purchase warrants to purchase 6,065,966 shares
Warrant Exercise Price: $0.50 for a three year period
Number of Placees: 39 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Dan Omeniuk Y 160,000
Aggregate Pro Group Involvement P 636,500
[4 Placees]
Finder's Fee: Haywood Securities Inc. $12,012 cash and 42,900 finder's warrants payable.
Canaccord Genuity Corp. $504 cash and 1,800 finder's warrants payable.
Echelon Wealth Partners Inc. $1,680 cash and 6,000 finder's warrants payable.
EMD Financial Inc. $6,431.51 cash and 22,969 finder's warrants payable.
-Each finder warrant is exercisable into one share at $0.50 for three years from closing.
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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