SERENGETI RESOURCES INC. ("SIR") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: June 27, 2011 TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 16, 2011:
Number of Shares: 4,213,999 shares
Purchase Price: $0.31 per share
Warrants: 2,106,998 share purchase warrants to purchase 2,106,999 shares
Warrant Exercise Price: $0.42 for an 18 month period
Number of Placees: 17 placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P / # of Shares Scott Hunter P 131,290 Jeff Willis P 30,000
Finders' Fees: $29,400.00 cash payable to Strand Securities Corp. $5,399.99 cash payable to Haywood Securities Inc. $9,600.00 cash payable to Raymond James Ltd. $34,177.50 cash due diligence fee payable to CGE Resources Quebec 2011 L.P.
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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