EMBLEM CORP. ("EMC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 18, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 6, 2017:
Number of Shares: 4,385,668 shares
Purchase Price: $3.63 per share
Warrants: 2,192,834 share purchase warrants to purchase 2,192,834 shares
Warrant Exercise Price: $4.75 for a three year period
Number of Placees: 191 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Tericon Corporation
(Terry Johnson) Y 61,983
Finder's Fee: $590,966.11 cash payable to PI Financial Corp.
$178,418.40 cash payable to Canaccord Genuity Corp.
$178,418.40 cash payable to GMP Securities L.P.
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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