LED MEDICAL DIAGNOSTICS INC. ("LMD")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: February 22, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced January 20, 2017:
Number of Shares: 220,711,540 shares
Purchase Price: $0.06 per share
Warrants: 110,355,770 share purchase warrants to purchase 110,355,770 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 212 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
David Gane Y 4,036,741
Lamar Roberts Y 2,772,007
Rick Pauls Y 833,333
Rodger Tourigny Y 833,333
Daryl Yea Y 800,000
Pro Group: P 1,785,000
(5 Placees)
Agent's Fee: Bloom Burton Securities Inc. $543,420.78 cash and 11,332,973 Broker Warrants.
Canaccord Genuity Corp. 340,250 Broker Warrants
Haywood Securities Inc. $34,398.20 cash and 573,303 Broker Warrants
Covista Capital Corp. $ 44,325 cash and 738,750 Broker Warrants
Echelon Wealth Partners $20,875 cash and 347,916 Broker Warrants
Leede Jones Gable Inc. $33,900 cash and 565,000 Broker Warrants
Raymond James Ltd. $21,880 cash and 364,666 Broker Warrants.
Aligned Capital Partners Inc. $700 cash
Beacon Securities Limited $6,000 cash
CIBC World Markets Inc. $1,740 cash
Dundee Securities Ltd. $4,250 cash
GMP Securities $27,000 cash
PI Financial Corp. $5,880 cash
RBC Dominion Securities Inc. $875 cash
Scotia Capital Inc. $1,312.50 cash
TD Securities Inc. $28,800 cash
-Each Broker warrant is exercisable at $0.06 into one common share and one half share purchase warrant for two years from closing. Each full share purchase 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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