Altair Resources 17.5-million-share private placement
Altair Resources Inc (C:AVX)
Shares Issued 44,886,501
Last Close 5/19/2017 $0.295
Friday May 19 2017 – Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on April 5, 2017.
Number of shares: 17.5 million shares Purchase price: 20 cents per share Warrants: 17.5 million share purchase warrants to purchase 17.5 million shares Warrant initial exercise price: 26 cents Warrant term to expiry: three years Number of placees: 31 placees Insider: Harold Roy Shipes, 350,000 shares Aggregate pro group involvement: 825,000 shares (two placees) Finders’ fees: Mozhgan Taheri, 25,000 shares; Fatemeh Safavi, 100,000 shares; Industrial Alliance Securities Inc., $162,680 cash and 813,400 warrants; Alnoor Bhulji, 55,000 shares; Canaccord Genuity Corp., $17,500 cash and 87,500 warrants; Rehana Virjee, 100,000 shares Finder warrant initial exercise price: 26 cents Finder warrant term to expiry: three years
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.