MAGNUM GOLDCORP INC. ("MGI") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 25, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 11, 2016:
Number of Shares: 562,500 Flow-through shares Purchase Price: $0.08 per share
Number of Shares: 2,140,000 Non Flow-through through shares Purchase Price: $0.065 per share Warrants: 2,140,000 share purchase warrants to purchase 2,140,000 shares Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 8 Placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P # of Shares David H. Evans Y 312,500 Douglas Mason Y 1,000,000 Criterion Capital Corporation (Douglas Mason) Y 600,000
Finder's Fee: Stuart R. Ross 10,000 units payable. Each unit has the same terms as the Non Flow-through offering.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [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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