DURANGO RESOURCES INC. ("DGO") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: February 7, 2023 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on December 28, 2022:
Number of Shares: 8,166,667 Flow-Through (FT) shares 1,770,000 Non-Flow-Through (NFT) shares
Purchase Price: $0.09 per FT share $0.05 per NFT share
Warrants: 4,968,333 share purchase warrants to purchase 4,968,333 shares
Warrant Exercise Price: $0.18 for a two-year period, as to 4,083,333 warrants $0.075 for a two-year period, as to 885,000 warrants
Number of Placees: 9 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 4 520,000 NFT
Aggregate Cash Amount Aggregate # of Shares Aggregate # of Warrants Finder's Fee: $44,100 N/A 490,000
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.18 for a period of 2 years from the date of issuance.
The Company issued news release on December 30, 2022, January 31, 2023, and February 6, 2023, 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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