WPC RESOURCES INC. ("WPQ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 3, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 23, 2015 and April 18, 2016:
Number of Shares: 30,000,000 shares
Purchase Price: $0.05 per share
Warrants: 15,000,000 share purchase warrants to purchase 15,000,000 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 64 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Stephen Wilkinson Y 1,000,000
Allan Fabbro Y 800,000
Wayne Moorhouse Y 240,000
507784 BC Ltd. (Allan Fabbro) Y 200,000
Aggregate Pro Group Involvement P 2,775,000
[4 placees]
Finder's Fee: Canaccord Genuity Corp. $41,360 cash and 827,200 warrants payable.
Haywood Securities Inc. $8,000 cash and 160,000 warrant payable.
Foster & Associates Financial Services $4,200 cash and 84,000 warrants payable.
-Each warrant is exercisable into one share at $0.10 for two years from closing.
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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