PARA RESOURCES INC. ("PBR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 19, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 14, 2014:
Number of Shares: 4,928,572 shares
Purchase Price: $0.07 per share
Warrants: 2,464,286 share purchase warrants to purchase 2,464,286 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 22 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Triplet Management Inc. (Larry Timlick) Y 200,000
Aggregate Pro Group Involvement P 665,002
[3 placees]
Finder's Fee: $22,672 plus 1,161,743 Agent's Options is payable to Jordan Capital Markets Inc.
$1,120 plus 16,000 Agent's Options is payable to Canaccord Genuity Corp.
$3,808 plus 54,400 Agent's Options is payable to Leede Financial Markets Inc.
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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