Discovery Harbour Resources Corp (DHR)

[Sam Dan]

PP confirmation. Shows major participation by insiders. usually a positive indicator.
"Discovery Harbour 54,545,454-share private placement

2020-07-23 17:46 CT - Private Placement
Shares issued 39,672,840
DHR Close 2020-07-23 C$ 0.105

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 29, 2020.

Number of shares: 54,545,454 shares

Purchase price: 5.5 cents per share

Warrants: 54,545,454 share purchase warrants to purchase 54,545,454 shares

Warrant exercise price: 10 cents for a three-year period

Number of placees: 117 placees

Insiders: Rodney Stevens, 463,636; Jason Cubitt Holdings Inc. (Jason Cubitt), 200,000; MC Fields Ventures Inc. (Mark Fields), 700,000; AlphaNorth Asset Management, 10 million

Total pro group involvement: 3,895,000 (14 placees)

Finders' fees: $33,000 and 600,000 broker warrants, payable to AlphaNorth Asset Management; $73,699.69 and 1,339,994 broker warrants, payable to Haywood Securities Inc.; $4,075.50 and 74,100 broker warrants, payable to Leede Jones Gable Inc.; $14,889.11 and 270,711 broker warrants, payable to Pl Financial Corp.; $35,739 and 649,800 broker warrants, payable to Canaccord Genuity Corp. (The broker warrants are exercisable at 10 cents for a period of three years.)"