LED MEDICAL DIAGNOSTICS INC. ("LMD") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 25, 2013 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 3, 2013:
Number of Shares: 15,000,000 shares
Purchase Price: $0.35 per share
Warrants: 15,000,000 share purchase warrants to purchase 15,000,000 shares
Warrant Exercise Price: US$0.50 for a two year period
Number of Placees: 73 placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P # of Shares C. Lamar Roberts Y 270,000 David Gane Y 285,700 Aggregate Pro Group Involvement P 190,000 [2 placees]
Finders' Fees: Global Market Developments Inc. (Jeffery D. Phillips) - $210,000 cash and 600,000 warrants payable. Brian Fagan (dba Develco Capital) - $5,775 cash and 16,500 warrants payable. C3 Energy (Mani Chopra) - $128,380.03 cash and 336,801 warrants payable. 0978931 BC LTD. (Michael Wilson) - $21,805 cash and 62,300 warrants payable. PI Financial Corp. - $2,450 cash and 7,000 warrants payable. Haywood Securities Inc. - $20,050.10 cash and 57,286 warrants payable. - Each warrant is exercisable into one common share at US$0.50 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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