NEW CAROLIN GOLD CORP. ("LAD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 20, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 4, 2016, November 15, 2016 and December 21, 2016:
Number of Shares: 6,625,000 Flow-through shares
Purchase Price: $0.08 per share
Number of Shares: 6,307,646 Flow-through shares
Purchase Price: $0.065 per share
Number of Shares: 7,261,000 shares
Purchase Price: $0.07 per share
Warrants: 7,261,000 share purchase warrants to purchase 7,261,000 shares
Warrant Exercise Price: $0.07 for a one year period
$0.09 in the second year
Number of Placees: 28 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
D. Barry Lee Y 153,800
Robert Lunde Y 224,000
Aggregate Pro Group Involvement P 4,475,000
[3 Placees]
Finder's Fee: Qwest Investment Fund Management Ltd. $56,350 cash and 376,250 Finder's Warrants exercisable into common shares at $0.08 for 3 years plus 403,846 Finder's warrants exercisable into common shares at $0.065 for 3 years.
Leede Jones Gable Inc. $7,781 cash and 111,160 Finder's Warrants exercisable into common shares at $0.07 in the first year and $0.09 in the second year.
EMD Financial Inc. $12,040 cash and 344,000 Finder's Warrants exercisable into common shares at $0.07 in the first year and $0.09 in the second year.
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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