SIMBA ENERGY INC. ("SMB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 23, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 2, 2015:
Number of Shares: 42,014,975 shares
Purchase Price: $0.05 per share
Warrants: 21,007,488 share purchase warrants to purchase 21,007,488 shares
Warrant Exercise Price: $0.075 for a two year period
Number of Placees: 6 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Gagan Goel Y 33,914,975
Robert Dinning Y 2,500,000
James W. Dick Y 1,000,000
Hassan Hassan Y 1,500,000
Keith Margeston Y 900,000
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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