Intigold Mines two-million-share private placement

2015-11-16 16:18 MT - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 22, 2015, and Sept. 25, 2015.

Number of shares: two million shares

Purchase price: 15 cents per share

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

Warrant exercise price: 20 cents for a two-year period

Number of placees: eight placees

Insider: Lori McClenahan, 470,000

Finders' fees: $3,000 payable to 0824712 B.C. Ltd. (Jeff Ruskowsky), with 20,000 units on the same terms as above; $3,000 payable to Celtic Consultants LLC (Courtney Killin), with 80,000 units on the same terms as above; $700 payable to Earl Hope

The company issued a news release on Sept. 28, 2015, confirming closing of the private placement. 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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COULD THIS BE THE SAME CELTIC CONSULTANTS THAT MIKE CASWELL WROTE ABOUT?

SEC cites brokerages for $75-million (U.S.) in selling

2015-02-10 09:25 MT - Street Wire

by Mike Caswell

The U.S. Securities and Exchange Commission has filed civil charges against a group of offshore brokerages, claiming that they sold millions of improperly issued shares during questionable promotions of four Canadian-linked listings. The firms unloaded the stock as "aggressive and extensive" campaigns were under way to tout the companies as active miners or oil and gas issuers. In all the offshore brokerages sold $75-million worth of shares over a period of about six months in 2013, the SEC claims. (All figures are in U.S. dollars.)

The brokerages at the centre of the case have their offices in the Cayman Islands, Belize and Panama. The four stocks the SEC identifies all have links to Canada. Three can be traced to the Vancouver suburb of Surrey, with a private entity called Celtic Consultants LLC (which is not a defendant) handling some share transfers, according to the SEC. The other listing had a Montreal man named Michel Voyer (also not a defendant) as its president. The stocks all increased substantially in price during brief promotions, with one hitting a 90-cent high before falling to four cents just three months later.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*SEC-2249885&symbol=*SEC&region=C