SIMAVITA LIMITED ("SV")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: March 13, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,044,122 non-transferable warrants to Medline Industries Inc. in consideration of certain services provided to the Company pursuant to an agreement dated November 11, 2013:
* 1,155,298 warrants vest immediately and are exercisable at $0.42 per share;
* 1,444,412 warrants vest on January 1, 2015 (subject to certain performance related criteria) and are exercisable at the greater of $0.504 per share and the 30-day volume weighted average price; and
* 1,444,412 warrants vest on January 1, 2016 (subject to certain performance related criteria) and are exercisable at the greater of $0.604 per share and the 30-day volume weighted average price.
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