TRIBECA RESOURCES CORPORATION ("TRBC")
BULLETIN TYPE: Private Placement - Non-Brokered
BULLETIN DATE: September 5, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on July 11, 2023, and July 24, 2023:
Number of Shares: 10,029,887 common share units ("Units"), each Unit consisting of one common share in the capital of the Company ("Share") and one-half of one Share purchase warrant ("Warrant").
Purchase Price: $0.33 per Unit.
Warrants: 5,014,943 whole Warrants to purchase 5,014,943 Shares.
Warrant Price: $0.55 exercisable for a period of 24 months from the date of issuance.
Forced Exercised Provision: The Warrants will expire 30 days after the date on which the Company gives notice to the Warrant holders by way of news release indicating that the trading price of the Company on the Exchange is equal to or greater than $0.75 per Share for 10 consecutive trading days.
Number of Placees: 31 placees.
Insider / Pro Group Participation:
Insider= Y /
Name Pro Group= P Number of Units
Aggregate Existing Insider Involvement:
[2 Existing Insiders] Y 1,491,891
Aggregate Pro Group Involvement:
[3 Pro Group Members] P 610,575
Aggregate Cash Amount
Aggregate #
of Shares
Aggregate #
of Finder Warrants
Finder's Fee:
[1 Finder]
$102,000
N/A
309,090
Finder Warrants are exercisable at $0.33 per Finder Share for a period of 24 months from the date of issuance.
The Company issued news releases on July 24, 2023, and August 14, 2023, confirming the closings of the Private Placement. 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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