SIMBA ENERGY INC. ("SMB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 27, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 9, 2014:
FIRST TRANCHE:
Number of Shares: 21,988,200 shares
Purchase Price: $0.06 per share
Warrants: 21,988,200 share purchase warrants to purchase 21,988,200 shares
Warrant Exercise Price: $0.10 for a two year period
$0.15 in the third and fourth year
Number of Placees: 27 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Robert Dinning Y 4,000,000
John Burns Y 165,000
Keith Margetson Y 1,100,000
James Dick Y 1,150,000
Hassan Hassan Y 2,400,000
Finder's Fee: $10,000 plus 307,000 finders warrants exercisable at $0.10 per share for a two year period is payable to Mark Sommer.
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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