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Message: Gem International 18-million-share private placement Number of placees: 29 placees

 

 

2017-02-27 18:09 ET - Private Placement

 

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 9, 2017, Jan. 24, 2017, Jan. 25, 2017, and Feb. 1, 2017.

 

Number of shares:  18 million shares

Purchase price:  five cents per share

Warrants:  18 million share purchase warrants to purchase 18 million shares

Warrant exercise price:  15 cents for a two-year period

Number of placees:  29 placees

Insiders:  Metropolitan Ballet Academy Inc. (Craig Walker), 100,000; Mosman Oil and Gas Limited (John Barr), 1.6 million

Finder's fee:  $5,425 payable to Li Wei

 

 

The company issued a news release on Feb. 24, 2017, confirming closing of the private placement. 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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