SIMBA ENERGY INC. ("SMB") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: June 16, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 18, 2016 and May 4, 2016:
Number of Shares: 43,000,000 shares
Purchase Price: $0.05 per share
Warrants: 21,500,000 share purchase warrants to purchase 21,500,000 shares
Warrant Exercise Price: $0.075 for a two year period
Number of Placees: 10 Placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Essel Group Middle East DMCC (Gagan Goel) Y 34,000,000 Charles De Chezelles Y 4,000,000
The Company issued a news release on June 15, 2016 confirming closing of the private placement. 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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