NORTHERN SUPERIOR RESOURCES INC. ("SUP")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 8, 2017
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 13, 2017:
Number of Shares: 78,010,000 Non Flow-through shares
Purchase Price: $0.05 per share
Warrants: 78,010,000 share purchase warrants to purchase 78,010,000 shares
Warrant Exercise Price: $0.075 for a two year period
Number of Shares: 10,899,998 Flow-through shares
Purchase Price: $0.055 per share
Number of Placees: 40 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
2176423 Ontario Inc. (Eric Sprott) Y 40,000,000
Francois Perron Y 500,000
Kierstone Capital Inc. (John Kiernam) Y 200,000
Andrew Farncomb Y 1,000,000
Aggregate Pro Group Involvement P 2,855,454
[5 Placees]
Finder's Fee: Foster & Associates Financial Services Inc. $1,250 cash payable.
Felix Cirelli $5,000 cash payable.
Trimark Trading $25,000 cash payable.
Niles Baranger $10,000 cash payable.
Medalist Capital Ltd. $25,000 cash payable.
PI Financial Corp. $7,500 cash payable.
IA Securities Inc. $18,650 cash payable.
Red Cloud Klondike Strike Inc. $3,000 cash payable.
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.]
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