MAGOR CORPORATION. ("MCC")
BULLETIN TYPE: Warrants for Bonus
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing the Company's issuance of an aggregate of $2,337,000 principle amount of secured subordinated debentures (the "Debentures"). The Debentures bear an interest rate of 12% per annum and will have a four year term.
Further, the Exchange has accepted for filing the issuance of 2,337,000 bonus warrants in connection with the Debentures. Each bonus warrant is exercisable into one common share at a price of $0.40 for a four year period.
Additionally, the Exchange has accepted for filing the payment of an aggregate of $62,400 plus 301,125 agents warrants (each exercisable into one common share at a price of $0.40 for a four year period) to be issued as agent's fee to Jacob Securities Inc. and Richardson GMP Ltd.
For further details, please refer to the Company's news releases dated December 23, 2013 and February 6, 2014.
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