MX GOLD CORP. ("MXL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 30, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 22, 2016:
Number of Shares: 1,500,000 shares
Purchase Price: $0.40 per share
Warrants: 750,000 share purchase warrants to purchase 750,000 shares
Warrant Exercise Price: $0.75 for a two year period
Number of Placees: 2 Placees
Finder's Fee: EMD Financial Inc. $36,000 cash, $25,000 cash finance fee and 90,000 finder's warrants payable. Each finder warrant is exercisable into at $0.40 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. [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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