SAVILLE RESOURCES INC. ("SRE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 15, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 27, 2017:
Second Tranche:
Number of Shares: 50,000 flow-through shares
575,000 non flow-through shares
Purchase Price: $0.10 per flow-through share
$0.08 per non flow-through share
Warrants: 625,000 share purchase warrants to purchase 625,000 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 5 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 200,000
[1 Placee]
Finder's Fee: $1,600 cash payable to Pacific International Securities Inc.
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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