PORTOLA RESOURCES INC. ("PZ") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: November 1, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 21, 2016:
Number of Shares: 12,006,700 shares
Purchase Price: $0.15 per share
Number of Placees: 28 Placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Aggregate Pro Group Involvement P 2,650,000 [7 Placees]
Finder's Fee: Bear Trade Corporation (Jeff Wolburgh) receives 1,200,670 non-transferable warrants, each exercisable at a price of $0.15 per share for a three year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on November 1, 2016. ________________________________________
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