URBANGOLD MINERALS INC. ("UGM")
BULLETIN TYPE: Private Placement - Brokered
BULLETIN DATE: December 13, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement as announced in a press release dated October 22, 2019:
Number of Securities: 2,680,000 non-flow-through common shares
5,604,668 flow-through common shares
Purchase Price: $0.125 per non-flow-through common share
$0.15 per flow-through common share
Number of Warrants: 1,340,000 common share purchase warrants to purchase 1,340,000 common shares
Warrant Price: $0.18 per warrant until June 6, 2021
Number of Placees: 42 Placees
Insider / ProGroup Participation:
Name
Insider = Y / ProGroup = P
# of shares
Dale Burstall
Y
167,000
Jens Eskelund Hansen
Y
150,000
Mathieu Brunet-Stephens
Y
160,000
Aggregate ProGroup (3 Placees)
P
202,667
Finder's Fee: Industrial Alliance Securities Inc. (the "Agent") received a cash commission in the amount of $85,306.52. The Agent also received 187,050 non-transferable compensation warrants to purchase 187,050 non-flow-through common shares at a price of $0.125 per share until December 6, 2021, and 412,835 non-flow-through compensation warrants to purchase 412,835 non-flow-through common shares at a price of $0.15 per share until December 6, 2021.
The Company has confirmed the closing of the private placement in a news release dated December 6, 2019.
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