ARROWSTAR RESOURCES LTD. ("AWS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 16, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 15, 2012:
Number of Shares: 6,000,000 shares
Purchase Price: $0.075 per share
Warrants: 6,000,000 share purchase warrants to purchase 6,000,000 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 12 placees
Insider / Pro Group Participation:
Name ProGroup=P / # of Shares
Panopus Plc (Phillip Thomas) Y 500,000
Peter Rudi Ardent Y 200,000
Finders' Fees: CM-Equity AG & Co. KG Financial Services (Michael Kott and Dr. Stefan Stra?l) will receive a finder's fee of 280,000 units of the Company.
Brooklyn Pacific Capital Corp. (Matt Reams) will receive a finder's fee of $14,625.00.
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.