NATAN RESOURCES LTD. ("NRL")
[formerly Natan Resources Ltd. ("NRL.P")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Private Placement-Non-Brokered, Resume Trading
BULLETIN DATE: April 18, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated April 9, 2013. As a result, at the opening on Friday, April 19, 2013, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following:
A) The Share Exchange Agreement dated January 31, 2013, whereby Natan Resources Ltd. (the "Company") will acquire all shares of Bethlehem Iron Ore Corp. for a consideration of 1,000,000 shares of the Company at a deemed price of $0.11 per share ($110,000).
B) The concurrent non-brokered private placement of 3,000,000 Common Shares at a price of $0.11 per Common Share for gross proceeds of $330,000.
The Exchange has been advised that the above transactions have been completed.
Capitalization: Unlimited shares with no par value of which
17,592,001 shares are issued and outstanding
Escrow: 6,400,000 common shares are subject to a 36-month staged release escrow under the CPC Escrow Agreement; and
210,761 common shares are subject to a 36-month staged release escrow under the Tier 2 Escrow Agreement
Symbol: "NRL" same symbol as CPC but with .P removed
Private Placement-Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to the Second and Final Tranche of a Non-Brokered Private Placement originally announced February 7, 2013:
Number of Shares: 3,000,000 shares
Purchase Price: $0.11 per share
Number of Placees: 24 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Brett Matich Y 340,000
Sean McGrath Y 100,000
Aggregate Pro Group Involvement P 300,000
[2 placee(s)]
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
Resume Trading:
Effective at the open of trading, Friday, April 19, 2013, trading in the shares of the Company will resume.
For additional information please see the Company's Filing Statement dated April 9, 2013, filed on SEDAR.
The Company is classified as a "Mining Issuer" company.
Company Contact: Brett Matich
Company Address: Suite 2000 - 1177 West Hastings Street
Vancouver, BC V6E 2K3
Company Phone Number: 604-662-8183
Company Fax Number: 604-602-1606
Company Email Address: info@natanresources.com
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