ORFORD MINING CORPORATION ("ORM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 1, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 7, 2017:
Number of Shares: 5,240,088 flow-through shares and
1,294,872 non flow-through shares
Purchase Price: $0.45 per flow-through share
$0.39 per non flow-through share
Warrants: 674,436 share purchase warrants to purchase 674,436 shares
Warrant Exercise Price: $0.60 for a two year period
Number of Placees: 10 Placees
Finder's Fee: An aggregate of $79,732 in cash and 242,995 finders' warrants payable to Red Cloud Klondike Strike Inc., Haywood Securities Inc., Marquest Capital Markets Inc. and Laurentian Bank Securities. Each finder's warrant entitles the holder to acquire one common share at $0.60 for a two year period.
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.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued news releases announcing the closings of the private placement and setting out the expiry dates of the hold period(s).
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