VMX RESOURCES INC. ("VMX.H")
BULLETIN TYPE: Private Placement-Brokered, Shares for Debt
BULLETIN DATE: February 15, 2007
NEX Company
Brokered Private Placement:
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced January 12, 2007.
Number of Shares: 8,200,000 shares for Private Placement
Purchase Price: $0.0825 per share
Warrants: 8,200,000 share purchase warrants to purchase 8,200,000 shares
Warrant Exercise Price: $.12 for a one year period
Number of Placees: 20 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Owen King P 25,000
Nick Watters Y 1,250,000
Craig Engelsman Y 1,250,000
Agents: Research Capital Corporation
Commission: 2,500 Units on the same terms as above
Agent: Canaccord Capital Corporation
Commission: 58,000 Units on the same terms as above
Finder's Fee: 759,500 Units payable to Shih-Yi Chuang
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 and when the shares are issued and the debt extinguished
Shares For Debt:
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,100,000 shares and 1,650,000 share purchase warrants to settle outstanding debt for $173,250.
Number of Creditors: 4 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Kevin Russell Y $37,125 $0.0825 450,000
Warrants: 2,100,000 share purchase warrants to purchase 1,650,000 shares
Warrant Exercise Price: $0.12 for a one year period
The Company shall issue a news release when the shares are issued and the debt extinguished.
TSX-X
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