GREAT NORTHERN GOLD EXPLORATION CORPORATON ("GGE")
BULLETIN TYPE: Private Placement-Non-Brokered; Remain Halted
BULLETIN DATE: November 22, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 27, 2013 and October 29, 2013:
Number of Shares: 15,340,000 shares
Purchase Price: $0.05 per share
Number of Placees: 52 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Pathfinder Asset Management Limited (Kenneth Bancroft) Y 4,000,000
Desmond Balakrishnan Law Corporation (Desmond Balakrishnan) Y 124,000
Aggregate Pro Group Involvement P 500,000
[1 placee]
Finder's Fee: $67,380 payable to Canaccord Genuity Corp., with 1,347,600 warrants exercisable at $0.05 for two years
$8,700 payable to Haywood Securities Inc., with 174,000 warrants exercisable at $0.05 for two years
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.
Trading in the Company's shares will remain halted.
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