GOLDRUSH RESOURCES LTD. ("GOD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 24, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 17, 2012:
Number of Shares: 15,200,000 shares
Purchase Price: $0.05 per share
Warrants: 15,200,000 share purchase warrants to purchase 15,200,000 shares
Warrant Exercise Price: $0.065 for a one year period
$0.10 in the second year
Number of Placees: 33 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
David Elliott P 375,000
Andrew P Williams P 200,000
Ian Kirk P 50,000
Driffield Cameron Y 740,000
Len Brownlie Y 1,160,000
Finders' Fees: Primary Capital Inc. will receive $2,100 cash and 42,000 Broker's Warrants.
RD Capital Inc. (Dev Randhawa) will receive $2,800 cash and 56,000 Broker's Warrants.
Haywood Securities Inc. will receive $3,500 cash and 70,000 Broker's Warrants.
Dundee Securities Corp. will receive $7,000 cash and 140,000 Broker's Warrants.
Canaccord Genuity Corp. will receive $700 cash and 14,000 Broker's Warrants.
- Each Broker's Warrant entitles the holder to purchase one common share at a price of $0.065 in the first 12 months and $0.10 thereafter up to 24 months from the date of closing.
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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