WPC RESOURCES INC. ("WPQ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 6, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 26, 2015:
Number of Shares: 12,543,000 shares
Purchase Price: $0.05 per share
Warrants: 12,543,000 share purchase warrants to purchase 12,543,000 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 24 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Allan Fabbro Y 800,000
507784 BC Ltd. (Fabbro) Y 200,000
Canaccord ITF Allan Fabbro Y 500,000
Stephen Wilkinson Y 1,000,000
Wayne Moorhouse Y 200,000
Aggregate Pro Group Involvement P 50,000
[1 Placee]
Finder's Fee: Canaccord Genuity Corp. will receive a finder's fee of $16,786 and 335,720 Finder's Warrants that are exercisable into common shares at $0.10 per share for a one year period.
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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