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[posting]43612218[/posting]liest sich doch sehr gut The LOI also includes a provision whereby Rio Alto will invest in a private placement financing ("Private Placement") in securities of Duran, to be completed on or before October 1, 2012. The Private Placement will consist of five million (5,000,000) units (the "Units") of Duran at a price of Cdn$0.15 per Unit for an aggregate subscription price of Cdn$750,000, with each such Unit comprised of one common share of Duran (the "Common Shares") and two half warrants; the "Series A Warrants" and the "Series B Warrants". Each whole Series A Warrant shall be exercisable to acquire one Common Share at an exercise price of Cdn$0.25 per share until the date that is the earlier of (i) the date that is eighteen (18) months following the issuance thereof, and (ii) the date that is thirty (30) days following the date notice is given to Rio Alto that the Common Shares have closed at or above the price of Cdn$0.25 per share for a period of 20 consecutive trading days on the TSX Venture Exchange (the "TSXVE") so long as such period occurs after twelve (12) months from the date of issuance of the Series A Warrants. Each whole Series B Warrant shall be exercisable to acquire one Common Share at an exercise price of Cdn$0.35 per share until the date that is the earlier of (i) the date that is thirty (30) months following the issuance thereof, and (ii) the date that is thirty (30) days following the date notice is given to Rio Alto that the Common Shares have closed at or above the price of Cdn$0.35 per share for a period of 20 consecutive trading days on the TSXVE so long as such period occurs after twenty four (24) months from the date of issuance of the Series B Warrants. In the event that Rio Alto is precluded from exercising the warrants due to trading restrictions imposed pursuant to applicable securities laws or by Duran under any applicable policy respecting restrictions on trading in its securities, the expiry dates of the Series A Warrants and Series B Warrants may be extended for a period of ten (10) business days from the end of any such restricted period (subject to regulatory approvals). In order to maintain their Minasnioc and Ichuna property option earn-in rights Rio Alto must exercise 100% of the warrants included in the Private Placement. bleibt zu hoffen, das aus dem LOI ein "a definitive agreement" wird. Gruß, grawshak |
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| aus der Diskussion: | Duran Ventures Inc.- Kanadischer Explorer in Peru |
| Autor (Datum des Eintrages): | Grawshak (18.09.12 07:30:34) |
| Beitrag: | 93 von 103 (ID:43614981) |
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