NEX COMPANIES
ECHELON PETROLEUM CORP. ("ECH.H") BULLETIN TYPE: Private Placement-Non-Brokered, Remain Suspended, Correction BULLETIN DATE: April 11, 2016 NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 29, 2016:
Number of Shares: 10,000,000 shares
Purchase Price: $0.06 per share
Number of Placees: 6 Placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Eric Boehnke Y 3,925,000 HCG5 Investment Limited Partnership (Jean-Marc Bougie) Y 2,000,000 Tom English Y 2,000,000 John Veltheer Y 75,000
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. ________________________________________
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