Insiders buy about 25% of new placement
in response to
by
posted on
Nov 11, 2010 09:29AM
http://www.palladonmining.com/s/Home.asp
GOLD FINDER EXPLORATIONS LTD. ("GFN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 10, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced October 15, 2010:
Number of Shares: 1,177,500 flow-through shares 1,622,500
non flow-through shares
Purchase Price: $0.36 per share
Warrants: 2,800,000 share purchase warrants to purchase
2,800,000 shares
Warrant Exercise Price: $0.50 for a one year period $0.65 in the
second year
Number of Placees: 25 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
David Greenway Y 400,000
0775892 BC Ltd. (Brad Wait) P 50,000
Justus Parmar P 20,000
Ralph W. Kettell, II Y 225,000
0857045 BC Ltd. (Jonathan Ronkai) Y 45,000
Finder's Fee: $1,890 and 6,650 units, consisting of one non flow-through
common share and one share purchase warrant with the same terms as above,
payable to Global Securities Corporation.
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.)