Highland Resources 9,388,164-share private placement

2009-10-30 18:27 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 18, 2009.

Number of shares: 5,691,498 flow-through shares and 3,696,666 non-flow-through shares

Purchase price: 15 cents per share

Warrants: 1,848,333 share purchase warrants to purchase 1,848,333 shares attached to the non-flow-through shares

Warrant exercise price: 20 cents for a one-year period and 30 cents in the second year

Pro groups: Lorinda Hoyem, 40,000; Gary Bogdanovich, 301,000; Carolyn Rogers, 100,000; Scott Dexter, 166,666; Niamh Plaxton, 66,666; 485374 B.C. Ltd., 350,000

Insiders: Roger Blair, 40,000; Gary Arca, 100,000; Robert Eadie, 100,000

Finders' fees: $1,604 and 13,366 finder warrants payable to Haywood Securities Inc.; $14,400 and 120,000 finder warrants payable to Canaccord Capital Corp.; $14,832 and 123,600 finder warrants payable to Jordan Capital Markets Inc.; $20,000 and 266,666 finder warrants payable to Limited Market Dealer Inc.; $2,412 and 20,100 finder warrants payable to PI Financial Corp., of Vancouver; $4,000 and 33,333 finder warrants payable to PI Financial, of Calgary; $4,000 and 33,333 finder warrants payable to Lincoln Peck Financial Inc.; $16,000 and 133,333 finder warrants payable to EH&P Investments AG (Each finder warrant is exercisable at 20 cents for a 12-month period.)