NEVADA CLEAN MAGNESIUM INC. ("NVM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 11, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 10, 2017:
Number of Shares: 13,051,460 shares
Purchase Price: $0.05 per share
Warrants: 13,051,460 share purchase warrants to purchase 13,051,460 shares
Warrant Initial Exercise Price: $0.05
Warrant Term to Expiry: 5 Years, subject to an acceleration clause in years 3, 4, 5.
Number of Placees: 32 Placees
Finder's Fee:
Echelon Wealth Partners $2,000.00 cash; 40,000 warrants
Canaccord Genuity Corp. $7,750.00 cash; 155,000 warrants
John Chalcraft $6,000.00 cash
Chris Read $1,000.00 cash
Fred Biollo $3,850.00 cash
David Pitt 54,901 warrants
Moody Capital Solutions, Inc. $3,432.00 cash; 13,725 warrants
Finder Warrant Initial Exercise Price: $0.05
Finder Warrant Term to Expiry: Warrants are priced at $0.05 for 5 years, subject to an acceleration clause in years 3, 4, 5.
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.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
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