HULDRA SILVER INC. ("HDA")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: November 26, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 10, 2014, August 25, 2014 and October 6, 2014:
Convertible Debenture $7,000,882
Conversion Price: Convertible into 127,288,764 common shares at a conversion price of $0.055.
Maturity date: Three years from date of issuance.
Warrants 35,004,410 warrants will be issued to the subscribers. Each warrant will have a term of four years from the date of issuance of the debentures and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.075 in the first year of exercise and at $0.10 in the second, third and fourth year of exercise.
Interest rate: 10% per annum, with up to 50% to be settled by way of share issuance. Any such share issuance will be subject to the prior approval of the Exchange.
Number of Placees: 14 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Peter Espig Y $55,000
Concept Capital Management (Bernd Hoegel) Y $5,850,000
Aggregate Pro Group Involvement P $45,000
[1 placee]
Finder's Fee: $19,360 payable to Redplug Capital Corp., with 352,360 warrants exercisable on the same terms as above
$3,600 payable to CIBC World Markets / Gundyco, with 65,455 warrants exercisable on the same terms as above
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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