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[posting]55068952[/posting]Margaret Lake 3.65-million-share private placement



2017-06-13 18:58 ET - Private Placement


The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 28, 2017.

Number of FT (flow-through) shares: 3.65 million flow-through shares

Purchase price: 10 cents per flow-through share

Warrants: 1,825,000 share purchase warrants to purchase 1,825,000 shares

Warrant initial exercise price: 15 cents

Warrant term to expiry: one year

Number of placees: 20 placees

Insiders: Paul Brockington, one million

Total pro group involvement: 950,000 (four placees)

Finders' fees: Mackie Research Capital Corp., $11,400 cash, 190,000 shares and 95,000 warrants; PI Financial Corp., $1,200 cash, 20,000 shares and 10,000 warrants

Finder's warrant initial exercise price: 15 cents

Finder's warrant term to expiry: The warrants are for a period of 12 months following the closing date.

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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