TELSON RESOURCES INC. ("TSN") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: December 9, 2015 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 14, 2015:
Number of Shares: 6,960,000 shares
Purchase Price: $0.05 per share
Warrants: 3,480,000 share purchase warrants to purchase 3,480,000 shares
Warrant Exercise Price: $0.05 for a two year period
Number of Placees: 2 Placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P # of Shares Promotora de Sistemas de Informacion S.A.P.I de C.V. Y 3,480,000 Estrategica Corporative en Finanzas S.A.P.I. de C.V. Y 3,480,000
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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