PARA RESOURCES INC. ("PBR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 19, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 6, 2017, May 1, 2017, May 2, 2017, May 23, 2017, June 2, 2017 and June 8, 2017:
Number of Shares: 26,915,125 shares
Purchase Price: $0.20 per share
Warrants: 13,457,563 share purchase warrants to purchase 13,457,563 shares
Warrant Exercise Price: $0.30 for an 18 month period
Number of Placees: 33 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Lake Forest Development Corp. (Geoff Hampson) Y 3,800,000
Hampson Equities Ltd. (Geoff Hampson) Y 1,432,625
James Taylor Y 120,000
Conex Services Inc. (Glen Walsh) Y 3,362,750
Larry Timlick Y 125,000
Aggregate Pro Group Involvement P 350,000
[3 Placees]
Finder's Fee: Canaccord Genuity Corp. $3,500 cash and 17,500 finder warrants payable
Mackie Research Capital Corp. $4,200 cash and 21,000 finder warrants payable.
Leede Jones Gable Inc. $3,850 cash and 19,250 finder warrants payable.
Raymond James Ltd. $3,500 cash and 17,500 finder warrants payable.
Echelon Wealth Partners Inc. $7,000 cash and 35,000 finder warrants payable.
Foster & Associates Financial Services Inc. $3,500 cash and 17,500 finder warrants payable.
-Each finder warrant is exercisable into one common share at $0.30 for 18 months 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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