GREATBANKS RESOURCES LTD. ("GTB")
BULLETIN TYPE: Private Placement-Non-Brokered, Graduation from NEX to TSX Venture
BULLETIN DATE: October 11, 2016
TSX Venture Tier 2 Company
Private Placement-Non-Brokered
The Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 28, 2016 and August 17, 2016:
Number of Shares: 17,224,468 shares
Purchase Price: $0.03 per share
Warrants: 17,224,468 share purchase warrants to purchase 17,224,468 shares
Warrant Exercise Price: $0.08 for a two year period
Number of Placees: 18 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Ronnie D. Doman Y 600,000
Nabuco Holdings Ltd. (Paul H. Brown) Y 1,200,000
Neon Rainbow Holdings Ltd. Y 400,000
Westridge Management International Limited Y 940,468
(Andrew Male) Y 500,000
Aggregate Pro Group Involvement P 400,000
[2 Placees]
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 August 25, 2016.
Graduation from NEX to TSX Venture
In conjunction with the above, the Company has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective on Wednesday, October 12, 2016 the Company's listing will transfer from NEX to TSX Venture, the Company's Tier classification will change from NEX to Tier 2 and the Filing and Service Office will change from NEX to Toronto.
Company Contact: Andrew Male
Company Address: Suite 103 - 991 Hornby Street
Vancouver, British Columbia
V6Z 1V3
Company Phone Number: (604) 561-0840
Company Fax Number: (416) 365-1876
Company Email Address: andrew@greatbanksresources.com
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