KONA BAY TECHNOLOGIES INC. ("KBY")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 5, 2021
TSX Venture Tier 2 Company
In reliance upon the Notice to Issuers dated April 8, 2020, TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 3, 2020 and December 9, 2020:
Number of Shares: 7,400,000 shares
Purchase Price: $0.03 per share
Warrants: 7,400,000 share purchase warrants to purchase 7,400,000 shares
Warrant Exercise Price: $0.05 for a five-year period
Number of Placees: 7 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Klutch Financial Corp. (Aaron Keay) Y 1,450,000
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release dated December 31, 2020 announcing the closing of the private placement and setting out the expiry date of the hold periods. 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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