AVARONE METALS INC. ("AVM") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: June 17, 2015 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Discretionary Waiver Non-Brokered Private Placement announced April 20, 2015:
Number of Shares: 36,750,000 shares
Purchase Price: $0.01 per share
Warrants: 1,375,000 share purchase warrants to purchase 18,375,000 shares
Warrant Exercise Price: $0.05 for a two year period. The warrants are subject to an accelerated exercise provision in the event the Company's shares trade at $0.10 or greater for 10 consecutive trading days.
Number of Placees: 25 Placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P # of Shares Anita Algie Y 750,000 Marc Levy Y 2,500,000
Aggregate Pro Group Involvement P 2,000,000 [2 Placees]
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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