TELSON RESOURCES INC. ("TSN")
BULLETIN TYPE: Shares for Debt, Private Placement-Non-Brokered
BULLETIN DATE: November 17, 2015
TSX Venture Tier 2 Company
Shares for Debt
TSX Venture Exchange has accepted for filing the Company's proposal to issue 13,870,000 shares to settle outstanding debt for $693,500.
Number of Creditors: 3 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Lianxi Zhang Y $388,500 $0.05 7,770,000
The Company shall issue a news release when the shares are issued and the debt extinguished.
Private Placement-Non-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced July 14, 2015:
Number of Shares: 33,040,000 shares
Purchase Price: $0.05 per share
Warrants: 16,520,000 share purchase warrants to purchase 16,520,000 shares
Warrant Exercise Price: $0.05 for a two year period
Number of Placees: 33 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Jose Balderas Y 4,144,519
Promotora de Sistemas de Informacion SAPI Y 7,000,000
Estrategica Corporativa en Finanza, SAPI Y 7,000,000
Enrique Vergara Y 250,510
Finder's Fee: $60,000 and 1,800,000 shares payable to Jose Manuel Felix Sicairos.
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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