GFM RESOURCES LIMITED ("GFM.H")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: February 8, 2010
NEX Company
Further to the Company's news release dated January 18, 2010, the TSX Venture Exchange (the "Exchange") has approved the following three transactions:
Private Placement-Non-Brokered, Convertible Debenture/s
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 18, 2010 in regards to a convertible loan issued in 2007:
Convertible Debenture $210,000
Conversion Price: Convertible into common shares at an average weighted price of $0.38 of principal outstanding
Maturity date: Five years from date of issuance
Interest rate: Prime
Number of Placees: 1 placee
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / Principal Amount
Grupo Ferrominero, S.A. De C.V. Y $210,000
(Jose Antonio Rivera)
Private Placement-Non-Brokered, Convertible Debenture/s
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 18, 2010 in regards to a convertible loan issued in 2008:
Convertible Debenture $170,000
Conversion Price: Convertible into common shares at an average weighted price of $0.14 of principal outstanding
Maturity date: Five years from date of issuance
Interest rate: Prime
Number of Placees: 1 placee
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / Principal Amount
Grupo Ferrominero, S.A. De C.V. Y $170,000
(Jose Antonio Rivera)
Private Placement-Non-Brokered, Convertible Debenture/s
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 18, 2010 in regards to a convertible loan issued in 2009:
Convertible Debenture $230,000
Conversion Price: Convertible into units consisting of one common share and one common share purchase warrant at a price of $0.10 of principal outstanding.
Maturity date: Five years from date of issuance
Warrants Each warrant will have a term of one year from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.10
Interest rate: Prime
Number of Placees: 1 placee
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / Principal Amount
Grupo Ferrominero, S.A. De C.V. Y $230,000
(Jose Antonio Rivera)
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placements and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placements do not close promptly.
TSX-X
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