CANADIAN SPIRIT RESOURCES INC. ("SPI")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: February 26, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 23, 2013:
Convertible Debenture $3,000,000 principal amount convertible debenture ("Debenture")
Conversion Price: The Debenture is convertible into units ("Units"), consisting of one common share ("Share") and one-half of one Share purchase warrant ("Warrant"), at price of $0.30 of principal outstanding.
Maturity date: February 28, 2014
Warrants Each whole Warrant is exercisable at a price of $0.30 until expiry on December 20, 2014.
Interest rate: 5.0%
Number of Placees: 1 placee
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P Principal Amount
Elmag Investments Inc. Y $3,000,000
(Luigi Liberatore)
The Exchange acknowledges that approval by a majority of the disinterested shareholders of the Company was obtained February 19, 2014 for Elmag Investments Inc. to become Control Person of the Company. Please see the Company's press release dated December 23, 2013 and Information Circular dated January 20, 2014 for further information.
________________________________________
|
|
