Bulletin Contents
Search
Home Page
 
Saville Resources Inc. 
Listed Company 

SAVILLE RESOURCES INC. ("SRE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 19, 2017
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 9, 2017:

Number of Shares: 14,288,333 shares

Purchase Price: $0.06 per share

Warrants: 14,288,333 share purchase warrants to purchase 14,288,333 shares

Warrant Exercise Price: $0.10 for a two year period. The warrants have an acceleration clause such that if the volume weighted average trading price of the Company shares is $0.16 or higher for at least 20 consecutive trading days, the Company accelerate the expiry date upon 30 days' notice.

Number of Placees: 64 Placees

Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Gurcharn Deol Y 300,000
Aggregate Pro Group Involvement P 550,000
[3 Placees]

Finder's Fee: Haywood Securities Inc. receives $8,160
Mackie Research Capital Corporation receives $4,800
PI Financial Corp. receives $3,696

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on July 14, 2017. [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.]
________________________________________