BULLETIN V2023-0282
ORFORD MINING CORPORATION ("ORM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 14, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 7, 2023:
Number of Shares: 15,000,000 flow-through shares and 5,777,000 common shares
Purchase Price: $0.05 per flow-through share and $0.045 per common share
Warrants: 10,388,000 share purchase warrants to purchase 10,388,000 common shares
Warrant Exercise Price: $0.065 per share for a period of two years
Number of Placees: 2 Placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 1 5,777,000
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $45,000 N/A 900,000
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.05 for period of two years from the date of issuance.
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company has issued a new 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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