LABRADOR GOLD CORP. ("LAB")
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 May 28, 2020, June 1, 2020 and June 23, 2020:
Number of Shares: 24,571,429 common shares and 4,000,000 flow-through shares
Purchase Price: $0.175 per common share and $0.25 per flow-through share
Warrants: 28,571,429 share purchase warrants to purchase 28,571,429 shares
Warrant Exercise Price: $0.30 for a two-year period
Number of Placees: 88 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Common Shares
Roger Moss Y 96,859
Jim Borland Y 30,000
Leo Karabelas Y 565,714
Kai Hoffman Y 85,714
Stichting Depositary Plethora Precious Metals Fund Y 1,100,000
Aggregate Pro Group Involvement P 807,143
[3 Placee(s)]
Finder's Fee: PI Financial Corp. - $139,807.50 cash, 798,900 Broker Warrants
Haywood Securities Inc. - $7,574.99 cash, 43,286 Broker Warrants
Hampton Securities Limited - $3,150.00 cash, 18,000 Broker Warrants
Mackie Research Capital Corporation - $525.00 cash, 3, 000 Broker Warrants
Generic Capital Corporation - $60,417.86 cash, 315,857 Broker Warrants
Each non-transferable Broker Warrant is exercisable into one share of the Company at a price $0.175 per share for a period of two years.
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release dated June 19, 2020 and June 26, 2020 announcing the closing of the private placement and setting out the expiry dates 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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