NEVADA CLEAN MAGNESIUM INC. ("NVM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 24, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the Second Tranche of a Non-Brokered Private Placement announced November 7, 2014:
Number of Shares: 2,170,000 shares
Purchase Price: $0.05 per share
Warrants: 2,170,000 share purchase warrants to purchase 2,170,000 shares
Warrant Exercise Price: $0.05 for a two year period
$0.10 in the third year
Number of Placees: 26 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Stephen Harold Thorlakson Y 50,000
Edward Lee Y 100,000
Finder's Fee: Dundee Goodman Private Wealth $1,000 cash and 20,000 warrants payable. Each warrant has the same terms as the offering warrants.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), 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. [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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