Home > Boards > Canadian > Mining/Resources > Ashburton Ventures Inc. New name PLAN - PROGRESSIVE PLANET SOLUTIONS INC (TSXV:PLAN)

Amazing closure of PP to give hope.

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Sam Dan Member Level  Monday, 01/29/18 11:53:41 PM
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Amazing closure of PP to give hope.
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 4, 2018.

Number of shares:10 million shares Purchase price:nine cents per share Warrants:10 million share purchase warrants to purchase 10 million shares Warrant initial exercise price:18 cents Warrant term to expiry:two years (The warrants are subject to an accelerated expiry provision in the event the average trading price of the company's shares is equal to or greater than 30 cents for 10 consecutive trading days.) Number of placees:39 placees Insider:Stephen Harpur, 150,000 Total pro group involvement:775,000 (five placees) Finders' fees:Haywood Securities Inc., $13,500 cash and 150,000 warrants; Richardson GMP Ltd., $20,385.00 cash and 226,500 warrants; PI Financial Corp., $5,319 cash and 59,100 warrants; Ray Kenney, $594 cash and 6,600 warrants Finder's warrant initial exercise price:nine cents Finder's warrant term to expiry:12-month term

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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