PEEKABOO BEANS INC. ("BEAN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 7, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced April 12, 2017:
Number of Shares: 2,633,001 shares
Purchase Price: $0.60 per share
Warrants: 1,316,499 share purchase warrants to purchase 1,316,499 shares
Warrant Exercise Price: $0.80 for a two year period. The exercise period of each warrant may be accelerated by the Company if at any time the volume weighted average price of the common shares is equal to or greater than $1.55 for 10 consecutive trading days.
Number of Placees: 23 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 385,334
[3 Placees]
Finder's Fee: Canaccord Genuity Corp. receives $67,158.04 and 111,930 non-transferrable agent's options, each exercisable for one share at a price of $0.60 for a 24 month period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on May 12, 2017. [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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