HILLCREST PETROLEUM LTD. ("HRH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 1, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 24, 2016:
Number of Shares: 16,200,000 shares
Purchase Price: $0.05 per share
Warrants: 8,100,000 share purchase warrants to purchase 8,100,000 shares
Warrant Exercise Price: $0.08 for a two year period
Number of Placees: 15 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Lewis Edward Parker Y 300,000
Jason P. Oden Y 650,000
Donald Currie Y 1,500,000
Sean McGrath Y 150,000
Michael Krzus Y 1,000,000
Finder's Fee: $5,200 payable to Richardson GMP Limited
The Company issued news releases on December 15, 2016 and January 20, 2017 confirming closing of the private placement. 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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