Defiance Silver 5,750,001-share private placement
Momentum Public Relations
Press Release: November 10, 2017
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 15, 2017.
First tranche
Number of shares: 4,860,001 shares
Purchase price: 30 cents per share
Warrants: 4,860,001 share purchase warrants to purchase 4,860,001 shares
Warrant exercise price: 45 cents for a two-year period
Number of placees: 36 placees
Insiders: Ronald E. Sowerby, 100,000; Kesa Capital Corp. (Darrell Rader), 35,000; Paul A. Smith, 175,000; Windermere Capital Fund SPC/Navigator SP (Victor Murray), 700,000
Finders’ fees: $10,080 cash and 33,600 warrants payable to Raymond James Ltd.; $8,000 cash payable to Mackie Research Capital Corp.; $93,640 cash payable to Windermere Capital (Canada) Inc. (Finder’s fee warrants are exercisable at 45 cents per share for two years.)
Second tranche
Number of shares: 890,000 shares
Purchase price: 30 cents per share
Warrants: 890,000 share purchase warrants to purchase 890,000 shares
Warrant exercise price: 45 cents for a two-year period
Number of placees: 45 placees
Insider: Roy Bonnell, 80,000
Finder’s fee: $19,440 cash payable to Windermere Capital (Canada) Inc. (Finder’s fee warrants are exercisable at 45 cents per share for two years.)
- Published in Defiance Silver, Mining