SAVILLE RESOURCES INC. ("SRE") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 3, 2014 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 21, 2014:
Number of Shares: 10,000,000 shares
Purchase Price: $0.05 per share
Warrants: 5,000,000 Series A share purchase warrants to purchase 5,000,000 shares at a price of $0.25 for a five year period. If at any time after 4 months of closing, the trading price is above $0.35 for 14 consecutive trading days, the Company may provide notice that the expiry date will be accelerated to 30 days from such notice.
5,000,000 Series B share purchase warrants to purchase 5,000,000 shares at a price of $0.50 for a five year period. If at any time after 12 months of closing, the trading price is above $0.65 for 14 consecutive trading days, the Company may provide notice that the expiry date will be accelerated to 30 days from such notice.
Number of Placees: 15 placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Harold Burgess Y 1,140,000 Zhi Gang Ding Y 700,000
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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