SIERRA IRON ORE CORPORATION ("NAA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 17, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 21, 2016 and April 29, 2016:
Number of Shares: 793,000 shares
Purchase Price: $0.35 per share
Warrants: 396,500 share purchase warrants to purchase 396,500 shares
Warrant Exercise Price: $0.50 for a two year period
Number of Placees: 8 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Wally Boguski Y 400,000
Aggregate Pro Group Involvement P 37,000
[1 Placee]
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company published a news release announcing the closing of the private placement on May 10, 2016. [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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