Niobay Metals Inc. (NBYCF)

[roberttatge]

Research NEWS:

PRIVATE PLACEMENT 35.9M DILUTION (before 5:1 REVERSE SPLIT)


MDN 35.9-million-share private placement 2016-08-09 16:55 ET - Private Placement Shares issued 157,217,538 MDN Close 2016-08-09 C$ 0.11 The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement, announced on July 26, 2016. Number of shares: 35.9 million common shares Purchase price: five cents per common share Number of placees: 40 placees Insiders: 4425502 Canada Inc. (Claude Dufresne), one million; Gestion Lemontal Ltee (Raymond Legault), 200,000; Jean-Sebastien David, 400,000; Alain Krushnisky, 240,000; Jacques Bonneau, 500,000 Total pro group involvement: 5.5 million (six placees) Finder's fee: Thought Launch Capital & Advisory Ltd. received $100,000 in cash and 2.5 million non-transferable compensation warrants exercisable into 2.5 million common shares at an exercise price of six cents per share expiring July 5, 2019. The company has confirmed the closing of the above-mentioned private placement by way of a news release dated Aug. 4, 2016.

Read more at www.stockhouse.com/companies/bullboard/t.mdn/mdn-inc#cYxovHkmpSVsWm2C.99