TSX-V Bulletin - Habibi Resources makes non-brokered private placement for 1.3 million shares at $0.10 per share - 6 placees
CP
27 November 2008
13:14
(c) 2008 The Canadian Press. All rights reserved.
TORONTO (TSX) _TSX Venture Exchange has accepted for filing documentation with respect to the third tranche of a Non-Brokered Private Placement announced October 8, 2008:
Number of Shares: 1,289,500 shares
Purchase Price: $0.10 per share
Warrants: 1,289,500 share purchase warrants to purchase 1,289,500 shares
Warrant Exercise Price: $0.20 for a one year period
Number of Placees: 6 placees
Insider / Pro Group Participation:
Insider
Name ProGroup
Benjamin Lanzet Y 250,000
Alexis Lanzet Y 259,500
Stanley Lanzet Y 200,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [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.]
