DIAMCOR MINING INC. ("DMI")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: September 2, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced August 23, 2016:
Number of Shares: 5,291,545 shares
Purchase Price: $1.10 per share
Warrants: 2,645,772 share purchase warrants to purchase 2,645,772 shares
Warrant Exercise Price: $1.60 for a three year period
Number of Placees: 14 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 34,090
[3 Placees]
Agent's Fee: Echelon Wealth Partners Inc. $326,999.97 cash and 297,273 warrants commission.
Leede Jones Gable $10,230 cash and 9,300 warrants commission.
-Each warrant is exercisable into one common share at $1.60 for three years from 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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