METALEX VENTURES LTD. ("MTX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 11, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 22, 2016:
Number of Shares: 4,760,000 flow through shares
Purchase Price: $0.05 per share
Warrants: 2,380,000 share purchase warrants to purchase 2,380,000 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 2 Placees
Finder's Fee: Secutor Capital Management Corp. receives $18,640 and 372,800 non-transferable warrants, each exercisable for one share at a price of $0.10 per share for a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on December 30, 2016. [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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