ENERGULF RESOURCES INC. ("ENG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 18, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 14, 2010:
First Tranche:
Number of Shares: 8,060,500 shares
Purchase Price: $0.40 per share
Warrants: 8,060,500 share purchase warrants to purchase 8,060,500 shares
Warrant Exercise Price: $0.65 for a two year period
Number of Placees: 63 placees
Jeffrey L. Greenblum Y 250,000
Paul Heinrich P 200,000
Brendan Willis P 50,000
Carolle Denis-Engstad P 20,000
Reg Smith P 25,000
Jock Ross P 225,000
Michael O'Brien P 25,000
Tamara Ross P 50,000
Rosstree Capital Corp. (Peggy Ross) P 100,000
Finders' Fees: $6,400 cash and 16,000 warrants payable to Canaccord Genuity Corp.
$10,976 cash and 27,440 warrants payable to Cecilia Hazai
$8,000 cash and 20,000 warrants payable to Jordan Capital Markets Inc.
274,250 units payable to Raymond James Ltd.
- Finder's fee units and warrants are under the same terms as those to be issued pursuant to the private placement.
