PROSPERO SILVER CORP. ("PSL")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: June 15, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 31, 2014:
Convertible Debenture $200,000
Conversion Price: Convertible into units consisting of one post-consolidated common share and one post-consolidated common share purchase warrant at $0.05 of principal outstanding in year one, at $0.10 thereafter.
Maturity date: Five years from closing.
Warrants Each warrant will have a term of five years from the date of issuance of the notes and entitle the holder to purchase one post-consolidated common share. The warrants are exercisable at the price of $0.10.
Interest rate: 6% per annum
Number of Placees: 7 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
William Murray Y up to 600,000 units
Aggregate Pro Group Involvement P up to 600,000 units
[2 Placees]
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).
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