RAB Special Situations (fka RAB)

[Tackler]

GGC Genco 4.51-million-unit private placement

2005-04-14 16:32 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation from Genco Resources Ltd. with respect to a non-brokered private placement of Feb. 23, 2005.

Number of shares: 4,518,625 shares

Purchase price: 80 cents per share

Warrants: 4,518,625 share purchase warrants to purchase 4,518,625 shares

Warrant exercise price: 90 cents for a two-year period

Number of placees: nine placees

Insider participation: RAB Special Situations LP, 2.5 million; Robert Gardner, 35,000; Makwa Exploration Ltd. (James McDonald), 10,700

Finders' fees: Union Securities (International) Ltd. will receive a finder's fee of $8,000; 502757 BC Ltd. (Peter McLean) will receive a finder's fee of $105,000


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.