HILLCREST RESOURCES LTD. ("HRH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 15, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 4, 2014:
Number of Shares: 10,625,000 shares
Purchase Price: $0.05 per share
Warrants: 5,312,500 share purchase warrants to purchase 5,312,500 shares
Warrant Exercise Price: $0.08 for a two year period
Number of Placees: 20 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Donald James Currie Y 1,000,000
Jason Oden Y 500,000
Minefill Services Inc. (David Stone) Y 400,000
Michael Krzus Y 1,175,000
Kulwant Sandher Y 120,000
Thomas Milne Y 200,000
Finder's Fee: $6,800 payable to General Research GmbH (Georg Hochwimmer), with 136,000 warrants exercisable at $0.05 for one year
$1,200 payable to Vicarage Capital Ltd. (Martin Wood), with 24,000 warrants exercisable at $0.05 for one year
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. 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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