CORONET METALS INC. ("CRF")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 28, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 24, 2016:
Number of Shares: 1,616,000 shares
Purchase Price: $0.29 per share
Warrants: 1,616,000 share purchase warrants to purchase 1,616,000 shares
Warrant Exercise Price: $0.50 for a one year period
Number of Placees: 21 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 17,000
[1 Placee]
Finder's Fee: $12,006 cash and 41,400 warrants payable to Raymond James Ltd.
$696 cash and 2,400 warrants payable to Canaccord Genuity Corp.
$592 cash and 2,040 warrants payable to PI Financial Corp.
Finder's fee warrants are exercisable at $0.50 per share for 12 months.
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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