88 CAPITAL CORP. ("EEC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 3, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 8, 2016 and August 11, 2016:
Number of Shares: 6,986,100 shares
Purchase Price: $0.08 per share
Warrants: 3,443,050 share purchase warrants to purchase 3,443,050 shares
Warrant Exercise Price: $0.25 for a three year period
Number of Placees: 47 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 362,500
[2 Placees]
Finder's Fee: $10,400 payable to Canaccord Genuity Corp., with 130,000 warrants exercisable at $0.25 for three years
$1,920 payable to Global Securities Corporation, with 24,000 warrants exercisable at $0.25 for three years
The Company issued a news release on August 18, 2016 confirming closing of the private placement. 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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