DATABLE TECHNOLOGY CORPORATION ("DAC") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 17, 2019 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 24, 2019 and October 1, 2019:
Number of Shares: 14,300,000 shares
Purchase Price: $0.05 per share
Warrants: 14,300,000 share purchase warrants to purchase 14,300,000 shares
Warrant Exercise Price: $0.08 for a two year period
Number of Placees: 13 placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Rob Craig Y 1,520,000 Grand Rock Capital Inc. (Kim Oishi) Y 3,000,000 Aggregate Pro Group Involvement P 1,000,000 [1 placee]
Finder's Fee: $4,550 cash, 250,000 units and 341,000 warrants payable to Canaccord Genuity Corp. $980 cash and 19,600 warrants payable to PI Financial Corp. Finder's fee warrants are exercisable at $0.08 per share for two years.
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), 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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