NETWORK EXPLORATION LTD. ("NET") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 27, 2014 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 25, 2014:
Number of Shares: 3,703,000 shares
Purchase Price: $0.05 per share
Warrants: 925,750 share purchase warrants to purchase 925,750 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 15 placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Redonda Management Inc. (Alexander Helmel) Y 500,000 Aggregate Pro Group Involvement P 150,000 [2 placees]
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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