ASHER RESOURCES CORPORATION ("ACN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 26, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced November 7, 2013:
Number of Shares: 2,456,000 shares
Purchase Price: $0.20 per share
Warrants: 2,456,000 share purchase warrants to purchase 2,456,000 shares
Warrant Exercise Price: $0.30 for a two year period
Number of Placees: 15 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 450,000
[1 placee]
Finder's Fee: An aggregate of $20,400, plus 102,000 brokers warrants, each exercisable into one common share at a price of $0.20 for a period of two years, payable to Macquarie Private Wealth Inc., Canaccord Genuity Corp. and Jones, Gable and Company
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has 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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