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CategoryNotice TypeDate
Trading StatusRemain Suspended08/Apr/2016

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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