PETRONOVA INC. ("PNA")
BULLETIN TYPE: Private Placement-Non-Brokered, Units, Convertible Debenture/s
BULLETIN DATE: October 4, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 13, 2012:
Number of Shares: 46,153,845 common shares
Purchase Price: $0.65 per unit
Warrants: 46,153,845 share purchase warrants to purchase 46,153,845 shares
Warrant Exercise Price: $1.25 for a period of three years
Convertible Debenture $4,500,000
Conversion Price: Convertible into common shares upon maturity, the amount of which is equal to the face value of the notes divided by the 20 day VWAP.
Maturity date: August 15, 2013
No Interest rate
Number of Placees: 20 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / Amount
International Finance Corporation Y 23,076,923 units
$2,250,000 notes
IFC African, Latin American and Caribbean Fund, LP Y 18,461,538 units
$1,800,000 notes
1 Pref. Share
Antonio Vincentelli Y 294,053 units
$28,670.17 notes
Judy Stripling Y 100,000 units
$9,750 notes
Anthony Lambert Y 400,000 units
$39,000 notes
No Finder's Fee
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