OCEANUS RESOURCES CORPORATION ("OCN")
BULLETIN TYPE: Prospectus-Unit Offering
BULLETIN DATE: July 6, 2016
TSX Venture Tier 2 Company
The Company's Short Form Prospectus dated June 14, 2016 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Alberta, Manitoba, Saskatchewan, British Columbia and Ontario Securities Commissions pursuant to the provisions of the Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Alberta, Manitoba, Saskatchewan, British Columbia and Ontario Securities Act.
Underwriters: Cantor Fitzgerald Canada Corporation and PI Financial Corp.
Offering: The offering consists in 21,739,130 units (the "Units") at the price of $0.23 per Unit. Each Unit consist one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at the exercise price of $0.39 per share during a period of 24 months following the closing date.
Offering Price: $0.23 per Unit
Warrant Exercise Price: $0.39 per common share during a period of 24 months
Underwriters Fee: 6% of the gross proceeds of the Offering in cash and broker warrants to purchase a number of Units representing 6% of the total number of Units sold under the offering. The broker warrants will be exercisable at a price of $0.23 per Unit for a period of 24 months from the closing of the offering.
Over-Allotment Option: The Company granted to the Underwriters an option exercisable for a period of 30 days following the closing date, to purchase up to an additional 3,260,870 Units at a price of $0.23 per Unit.
The Company has confirmed the closing of the public offering by means of news release dated June 21, 2016. The aggregate gross proceeds received by the Company for the Offering was $5,750,000 (21,739,130 Units at $0.23 per Unit and 3,260,870 Units issued pursuant to the exercise of the Over-Allotment Option).
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