Tribute 10,333,332-FT-, five-million-share financing

2010-02-01 16:23 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for Tribute Minerals Inc. announced Dec. 23, 2009.

Number of shares: 10,333,332 flow-through shares and five million non-flow-through shares

Purchase price: 12 cents per flow-through share; 10 cents per non-flow-through share

Warrants: 10,166,666 share purchase warrants to purchase 10,166,666 shares

Warrant exercise price: 15 cents for a two-year period (5,166,666 warrants); 11 cents for a two-year period (five million warrants)

Hidden placees: 15

Insiders: John D. Harvey 400,000; Richard Nemis 416,666; Michael Gesualdi 200,000; William R. Johnstone 100,000; Peter Brodie-Brown 250,000; Ian Brodie-Brown 250,000

Finder's fee: A total of $60,000 cash and 666,667 finders' warrants are payable to Limited Market Dealer Inc. Each finder's warrant entitles the holder to acquire one unit at 12 cents for a two-year period.

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.

For further details, please refer to the company's news releases dated Jan. 4, 2010, and Jan. 11, 2010.