News, Friday March 19/10
Lion Energy 11-million-share private placement
2010-03-19 19:55 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 26, 2009, and amended June 11, 2009.
Number of shares: 11 million shares
Purchase price: 30 cents per share
Warrants: 11 million share purchase warrants to purchase 11 million shares
Warrant exercise price: 50 cents for a two-year period
Hidden placees: 46 placees
Insider: Mopass Ventures Ltd. (Chris Verrico), 100,000
Pro groups: Robert Sali, 700,000; David Lyall, 300,000; Hesham Jamal Magid, 25,000; Tom English, 100,000; Barry Muir, 100,000; Ivano Veschini, 100,000; Matthew Gaasenbeek, 150,000; The MacLachlan Investments Corp. (Peter M. Brown), 200,000; Ali Pejman, 75,000; Colin Gibson, 100,000
Finder's fee: $165,000 cash and 550,000 warrants exercisable at 50 cents for two years, payable to Peninsula Merchant Syndications Corp. (Sam Magid)
The remainder is available to Stockwatch subscribers.
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