Prime Mining 20-million-share private placement

2020-06-29 22:48 ET – Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced May 22, 2020.

Number of shares:  20 million shares

Purchase price:  50 cents per share

Warrants:  20 million share purchase warrants to purchase 20 million shares

Warrant exercise price:  $1.10 for a five-year period

Number of placees:  93 placees

Insiders:  Daniel Kunz, 800,000; Andrew Bowering, 1.2 million; Gregory Liller, 120,000; New Dawn Holdings Ltd. (Paul Larkin), 100,000; Murray John, 400,000

Total pro group involvement:  160,000 (four placees)

Agents’ fees:  Clarus Securities Inc., $184,300 cash; Desjardins Securities Inc., $184,300 cash; Trinity Advisors Corp., 1.2 million warrants (Each warrant is exercisable into one common share at $1.10 until June 12, 2025.)

© 2020 Canjex Publishing Ltd. All rights reserved.

Leave a Reply