BEARING RESOURCES LTD. ("BRZ") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: November 1, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 30, 2016:
Number of Shares: 12,000,000 shares
Purchase Price: $0.13 per share
Warrants: 12,000,000 share purchase warrants to purchase 12,000,000 shares
Warrant Exercise Price: $0.25 for a one year period
Number of Placees: 37 Placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P # of Shares Kirk Shaw Y 200,000 Chris Haskett-Watt Y 38,461 Ann Fehr Y 38,461
Aggregate Pro Group Involvement [7 Placees) 2,680,000
Finder's Fee: Canaccord Genuity Corp. - 26,769 Agent's Options that are exercisable into common shares at $0.25 per share for a one year period.
Haywood Securities Inc. - $66,966.01 and 443,846 Agent's Options that are exercisable into common shares at $0.25 per share for a one year period.
Mackie Research Capital Corp. - 12,000 Agent's Options that are exercisable into common shares at $0.25 per share for a one year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). 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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