KESSELRUN RESOURCES LTD. ("KES") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: April 13, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 1, 2016:
Number of Shares: 4,400,000 non-flow through shares and 600,000 flow through shares
Purchase Price: $0.05 per share
Warrants: 2,200,000 share purchase warrants to purchase 2,200,000 shares issued with the purchase of non-flow through shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 16 Placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Aggregate Pro Group Involvement P 300,000 [1 Placee]
Finder's Fee: $9,800 payable to Haywood Securities Inc., with 196,000 warrants exercisable at $0.10 for two years $7,700 payable to Matt Johansen
The Company issued a news release on April 8, 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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