INDIGO EXPLORATION INC. ("IXI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 24, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 25, 2016. The Company obtained a waiver to the Exchange's minimum pricing rules to complete the private placement.
Number of Shares: 13,750,000 shares
Purchase Price: $0.02 per share
Warrants: 13,750,000 share purchase warrants to purchase 13,750,000 shares
Warrant Exercise Price: $0.05 for a three year period
Number of Placees: 28 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 3,450,000
[7 Placees]
Finder's Fee: $9,000 payable to Haywood Securities Inc.
$7,500 payable to Leede Jones Gable Inc.
The Company issued a news release on May 20, 2016 confirming closing of the private placement. 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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