CENTURY MINING CORPORATION ("CMM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 23, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 26, 2009:
Number of Shares: 20,000,000 shares
Purchase Price: $0.20 per share
Warrants: 10,000,000 share purchase warrants to
purchase 10,000,000 shares
Warrant Exercise Price: $0.30 for an eighteen-month period
Number of Placees: 17 placees
Finder's Fee: $160,000 cash and 800,000 warrants payable to
Oberon Capital Corporation
- Finder's fee warrants are exercisable at $0.20 per share for an eighteen-month period.
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.
1 comment:
From my TSX-V analysis posted last weekend, the only other transaction potentially remaining that requires TSX-V approval is the Teck Royalty one (as it involves the issuance of 1,500,000 new shares). It's piddly in the grand scheme of things, but it might be enough to hold everything up unless TSX-V can approve tomorrow or the parties involved in the major deal can do a work around (as discussed in post).
We'll see.
Post a Comment