TSX VENTURE COMPANIES:
AFRICAN METALS CORPORATION ("AFR")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: May 27, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Temporary Relief Measure Non-Brokered Private Placement announced May 8, 2013:
Convertible Debenture $250,000
Conversion Price: Convertible into units consisting of one common share and one common share purchase warrant at $0.053 per unit of principal outstanding in year one, at $0.10 until maturity, which is five years from the closing date.
Maturity date: Five Years
Warrants Each warrant will have a term of five years from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.065 in the first year of exercise and at $0.10 in the second to fifth year of exercise.
Interest rate: 10% per annum
Number of Placees: 1 placee
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.
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