GROUNDSTAR RESOURCES LIMITED ("GSA")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Securities
BULLETIN DATE: September 3, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 14, 2014:
Convertible Security: 400,000 preferred shares ("Preferred Shares")
Security Price: $1.00 per Preferred Share
Conversion Terms: Preferred Shares are convertible into a total of 1,600,000 common shares of the Company ("Shares") at a conversion price of $0.25 per Share from the date that is 12 months from closing until the date that is 30 months from closing.
Maturity date: February 7, 2017
Interest rate: 10% interest per annum, commencing on November 30, 2014
Number of Placees: 1 placee
Insider / Pro Group Participation: None
No Finders Fees.
For further information, please see the Company's press release dated July 30, 2014.
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