AUTOMOTIVE FINCO CORP. ("AFCC")
[formerly Augyva Mining Resources Inc. ("AUV")]
BULLETIN TYPE: Change of Business, Private Placement-Brokered, Private Placement - Non-Brokered, Name Change and Consolidation, Resume Trading
BULLETIN DATE: March 7, 2017
TSX Venture Tier 2 Company
Change of Business
TSX Venture Exchange has accepted for filing the Company's Change of Business (the "COB"), as described in its Information Circular dated January 26, 2017 (the "Circular"). The Company has changed its business from a Mining Issuer to an Investment Issuer. The Exchange has been advised that the COB has received shareholder approval in a meeting held on February 23, 2017.
For additional information refer to the Circular and related disclosure available under the Company's profile on SEDAR.
The Company is classified as an 'Investment' company.
Private Placement - Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement of subscription receipts which have been converted into the following common shares (on a post-consolidation basis) of the Company:
Number of Shares: 7,205,625 common shares
Purchase Price: $2.40 per share
Number of Placees: 194 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Kail Ross Y 18,125
Aggregate Pro Group Involvement P 451,500
[11 Placee(s)]
Agent's Fee: $751,740 cash commission was paid to Canaccord Genuity Corp.
Private Placement - Non-Brokered
As described in the Circular, the Company obtained disinterested shareholder approval and has completed a capital contribution of $10,400,000 to Automotive Finance Limited Partnership (the "Partnership"), which funds were loaned by the Partnership to DH Finance LP (the "Initial Borrower") as part of the initial investment of the Company as an Investment Issuer. The funds were used by AA Capital LP, an affiliate of the Initial Borrower, to subscribe for the following common shares (on a post-consolidation basis):
Number of Shares: 4,333,333 common shares
Purchase Price: $2.40 per share
Number of Placees: 1 Placee
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
AA Capital LP Y 4,333,333
(the GP of AA Capital LP is controlled by Mr. Kuldeep Billan)
Resume Trading
As a result of the completion of COB, effective at the opening, Wednesday, March 8, 2017, trading in the common shares of the Company will resume.
Name Change and Consolidation
Pursuant to a resolution passed by shareholders on February 23, 2017, the Company has consolidated its capital on a 15 old for 1 new basis. The name of the Company has also been changed.
Effective at the opening, Wednesday, March 8, 2017, the common shares of Automotive Finco Corp. will commence trading on TSX Venture Exchange, and the common shares of Augyva Mining Resources Inc. will be delisted.
Post-Consolidation
Capitalization: Unlimited shares with no par value of which
18,307,381 shares are issued and outstanding
Escrow: 4,620,871 common shares, 196,468 RSUs, 246,384 warrants and 223,333 stock options (all on a post-consolidation basis)
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: AFCC (new)
CUSIP Number: 05329 N 102 (new)
Company Contact: Mr. Kuldeep Billan, CEO
Company Address: 8 King Street East, Suite 1800, Toronto, Ontario, Canada M5C 1B5
Company Phone Number: 647-351-2886
Company Fax Number: 647-351-2880
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