NEW CAROLIN GOLD CORP. ("LAD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 20, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 14, 2016 and April 18, 2016:
Number of Shares: Unit A offering 3,750,000 shares
Purchase Price: $0.07 per share
Warrants: 3,750,000 share purchase warrants to purchase 3,750,000 shares
Warrant Exercise Price: $0.09 for a two year period
Number of Shares: Unit B offering 10,940,000 shares
Purchase Price: $0.07 per share
Warrants: 10,940,000 share purchase warrants to purchase 10,940,000 shares
Warrant Exercise Price: $0.10 in the first year and $0.125 in the second year.
Number of Placees: 28 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Robert Lunde Y 100,000
Aggregate Pro Group Involvement P 290,571
[1 Placee]
Finder's Fee: Scarscale Equities LLC $28,500 cash payable.
PI Financial Corp. $2,034 cash payable.
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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