REVOLUGROUP CANADA INC. ("REVO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 29, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 31, 2019:
Number of Shares: 7,129,333 shares
Purchase Price: $0.15 per share
Warrants: 7,129,333 share purchase warrants to purchase 7,129,333 shares
Warrant Exercise Price: $0.20 for a one year period
Number of Placees: 18 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Steven Marshall Y 3,333,333
Alfredo Manresa Ruiz Y 100,000
Vesilen Investment S.L. (Bernard Lonis) Y 333,333
Aggregate Pro Group Involvement P 266,000
[2 placees]
Finder's Fee: Odlum Brown Ltd. $2,793 cash and 18,620 finder warrants payable.
Canaccord Genuity Corp. $1,680 cash and 11,200 finder warrants payable.
PI Financial Corp. $4,725 cash and 31,500 finder warrants payable.
-Each finder warrant is exercisable into one common share at $0.20 for one year from closing.
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), 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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