AVANTI ENERGY INC. ("AVN") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s BULLETIN DATE: Sep 16, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Aug 12, 2016:
Convertible Debenture $500,000.00
Initial Conversion Price: $0.10 per unit of one common shares and half a share purchase warrant
Term of Maturity: June 30, 2019
Interest Rate: 8.0 percent
Warrants: 2,500,000 share purchase warrants to purchase 2,500,000 shares
Warrant Exercise Price; $0.15 per share to June 30, 2017 and $0.20 per share to June 30, 2019
Number of Placees: 6 Placees
Insider / Pro Group Participation: Insider=Y / Name Pro-Group=P # of Shares
Pacific Equity Management Corp. Y 3,450,000 Karl Kottmeier Douglas Ford Kirk Gamley
Finder's Fee:
Canaccord Genuity Corp $10,850.00 cash
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.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantees the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction. ________________________________________
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