DATABLE TECHNOLOGY CORPORATION ("DAC") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: July 7, 2020 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 2, 2020 and March 10, 2020:
Number of Shares: 3,000,000 shares
Purchase Price: $0.05 per share
Number of Placees: 2 placees
Warrants: 3,000,000 share purchase warrants to purchase 3,000,000 shares
Warrant Exercise Price: $0.08 for a two- year period
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P # of Shares Aggregate Pro Group Involvement [1 placee] P 500,000
Finder's Fee: $1,750 cash, 285,000 warrants and 250,000 units payable to Canaccord Genunity Corp. Finder's fee warrants are exercisable at $0.08 per share for two years. Finder's fee units are under the same terms as those to be issued pursuant to the private placement.
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. ________________________________________
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