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.] ________________________________________
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