BEARING RESOURCES LTD. ("BRZ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 4, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 28, 2016:
Number of Shares: 2,865,000 shares
Purchase Price: $0.40 per share
Warrants: 1,432,500 share purchase warrants to purchase 1,432,500 shares
Warrant Exercise Price: $0.80 for a one year period
Number of Placees: 18 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Jeremy Poirier Y 50,000
Aggregate Pro Group Involvement P 1,150,000
[6 Placees]
Finder's Fee: Canaccord Genuity Corp. - $600.00 and 1,500 Finder's Warrants that are exercisable into common shares at $0.80 per share for a 12 month period.
Haywood Securities Inc. - $37,500 and 94,500 Finder's Warrants that are exercisable into common shares at $0.80 per share for a 12 month period.
Raymond James Ltd. - $6,000.00 and 15,000 Finder's Warrants that are exercisable into common shares at $0.80 per share for a 12 month period.
Ocean Crest Limited (Konrad Malik) - $14,400.00 and 36,000 Finder's Warrants that are exercisable into common shares at $0.80 per share for a 12 month 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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