SIERRA IRON ORE CORPORATION ("NAA")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: October 2, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 14, 2015 and September 17, 2015:
Convertible Debenture $250,000
Conversion Price: Convertible into shares at $0.32 of principal outstanding
Maturity date: 18 months
Interest rate: 10% per annum, calculated semi-annually, payable at maturity
Number of Placees: 1 Placee
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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