MACARTHUR MINERALS LIMITED ("MMS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 7, 2022
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 31, 2022:
Number of Shares: 15,000,000 ordinary shares
Purchase Price: AUD $0.50 per share
Warrants: 15,000,000 share purchase warrants to purchase 15,000,000 shares
Warrant Exercise Price: AUD $0.65 for a two year period
Number of Placees: 103 placees
Finder's Fee: EAS Advisors LLC. received AUD $225,000 in cash and 1,000,000 finder's warrants, and MST Financial Services Pty Limited received AUD $225,000 in cash and 1,000,000 finder's warrants. Each finder warrant is exercisable to purchase one ordinary share at an exercise price of AUD $0.65 for a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company has issued news releases on April 5, 2022 announcing the closings of the private placement and setting out the expiry dates of the hold periods. 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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