MAGOR CORPORATION ("MCC")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: December 19, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 5, 2014:
Convertible Debenture $1,525,000
Conversion Price Convertible into shares at $0.30 of principal outstanding per share until maturity
Maturity Date 3 years from issuance
Warrants 762,500 share purchase warrants attached to purchase 762,500 shares
Warrant Exercise Price $0.44 for a three year period
Interest Rate 12%
Number of Placees: 3 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P Amount
Wesley Clover International Corporation Y $1,000,000
Finder's Fee An aggregate of $29,500 plus 87,500 finders warrants (each exercisable into one common share at a price of $0.40 for a two year period) is payable to Mackie Research Capital Corp.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). 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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