Secova Metals 50-million-share private placement



Secova Metals 50-million-share private placement


– Momentum Public Relations –
Press Release: March 30, 2017

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Feb. 22, 2017.

Number of shares:  50 million shares

Purchase price:  five cents per share

Warrants:  50 million share purchase warrants to purchase 50 million shares

Warrant exercise price:  eight cents for a two-year period

Number of placees:  142 placees

Insiders:  P. Bradley Kitchen, 1.69 million shares; Morgan Good, 1.25 million shares

Finders’ fees:  David Vincent receives 2,090,400 shares and 2,090,400 non-transferable warrants. Jonathan Williams receives $2,000 and 40,000 non-transferable warrants. Mark Turcotte receives $12,800 and 256,000 non-transferable warrants. Jean-David Moore receives $15,720 and 314,400 non-transferable warrants. Haywood Securities Inc. receives $6,000 and 120,000 non-transferable warrants. Canaccord Genuity Corp. receives $400 and 8,000 non-transferable warrants. Mackie Research Capital Corp. receives $400 and 8,000 non-transferable warrants. The warrants are exercisable for one share at a price of five cents for one year.

© 2017 Canjex Publishing Ltd. All rights reserved.

Source (Stockwatch)

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