ALLIANCE MINING CORP. ("ALM")
BULLETIN TYPE: Property-Asset or Share Acquisition Agreement, Private Placement-Non-Brokered
BULLETIN DATE: November 20, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an option agreement (the "Agreement") between Alliance Mining Corp. ("Alliance") and Tiberius Gold Corp. ("Tiberius") a private company, under which Alliance may acquire 100% of Tiberius' property (the "Property") located in center of the Bissett Gold Mine Camp Manitoba (the "Transaction"). Under the Agreement, Alliance may earn-in a 100% interest in the Property by making certain staged cash payments and/or share payments of common shares in the capital of Alliance to Tiberius over a four year period equal to a total of $1,250,000 as follows: (i) $250,000 in cash and/or common shares on or before 90 days of the TSX Venture Exchange's approval of the Transaction (the "Approval Date"); (ii) $250,000 in cash and/or common shares on or before the first anniversary of the Approval Date; (iii) $250,000 in cash and/or common shares on or before the second anniversary of the Approval Date; $250,000 in cash and/or common shares on or before the third anniversary of the Approval Date; and $250,000 in cash and/or common shares on or before the fourth anniversary of the Approval Date.
Insider / Pro Group Participation: Nil.
Alliance will pay a finder's fee in the amount of 500,000 common shares to Gene Leong.
For Further information, see Alliance's new release dated January 27, 2017 which is available under Alliance's profile on SEDAR.
Private Placement-Non-Brokered
The Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 28, 2017:
Number of Shares: 6,000,000 shares
Purchase Price: $0.05 per share
Warrants: 6,000,000 share purchase warrants to purchase 6,000,000 shares
Warrant Exercise Price: $0.075 for a five year period
Number of Placees: 27 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Chris Anderson Y 880,000
Aggregate Pro Group Involvement P 400,000
[3 placees]
Finder's Fee: Haywood Securities Inc. - $6,000.00 and 120,000 Broker Warrants exercisable into common shares at $0.075 per share for a five year period.
Mackie Research Capital Corporation - $5,400.00 and 108,000 Broker Warrants exercisable into common shares at $0.075 per share for a five year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release dated November 15, 2017 announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
________________________________________
|
|
