SIMBA ENERGY INC. ("SMB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 30, 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:
SECOND TRANCHE:
Number of Shares: 32,129,809 shares
Purchase Price: $0.06 per share
Warrants: 32,129,809 share purchase warrants to purchase 32,129,809 shares
Warrant Exercise Price: $0.10 for a two year period
$0.15 in the third and fourth year
Number of Placees: 35 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Carlton Energy Inc. Y 3,100,000
Finder's Fee: $1,050 plus 17,500 finders warrants exercisable at $0.10 per share for a two year period is payable to Canaccord Genuity Corp.
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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