ENGOLD MINES LTD. ("EGM") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: December 7, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 5, 2016:
Number of Shares: 4,000,000 non flow-through shares 7,000,000 flow-through shares
Purchase Price: $0.05 per non flow-through share $0.07 per flow-through share
Warrants: 4,000,000 share purchase warrants under non flow-through units to purchase 4,000,000 shares at $0.08 per share for two years. 7,000,000 share purchase warrants under flow-through units to purchase 7,000,000 shares at $0.10 per share for two years.
Number of Placees: 54 Placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P # of Shares Anton Novak Y 1,400,000 Rolf Van Driesum Y 200,000 Robert Shives Y 284,000 Aggregate Pro Group Involvement P 4,456,000 [2 Placees]
Finder's Fee: $46,760 cash and 742,000 warrants payable to Canaccord Genuity Corp. Finder's fee warrants are exercisable at $0.08 per share for two years.
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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