GRENVILLE STRATEGIC ROYALTY CORP. ("GRC") BULLETIN TYPE: Private Placement-Brokered BULLETIN DATE: April 14, 2014 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced March 6, 2014:
Number of Special Warrants: 20,000,000 special warrants
Purchase Price: $0.50 per special warrant
Each special warrant is exercisable for one common share by the holders thereof at any time after closing for no additional consideration and all unexercised special warrants will be deemed to be exercised at 4:00 pm (Toronto time) on the earlier of: a) the date that is four months and one day following the date of issuance, and b) the third business day after a receipt is issued for a final prospectus by the securities regulatory authorities in each of the Provinces of Canada, except Quebec, where the special warrants are sold qualifying the common shares to be issued upon exercise or deemed exercise of the special warrants.
Number of Placees: 70 placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Special Warrants Catherine McLeod-Seltzer Y 100,000 Aggregate Pro Group Involvement P 10,415,000 [20 placees]
Agent's Fee: $420,000 payable to National Bank Financial Inc. $90,000 payable to Raymond James Ltd. $45,000 payable to Canaccord Genuity Corp. $45,000 payable to Haywood Securities Inc.
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. ________________________________________
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