Searchlight Resources Inc (SCLTF)

[sweetpepperjam]

Looking forward to seeing the second tranche of the non-brokered private placement...

pmunch
Tuesday, May 10, 2011 9:40:45 AM
Re: mrgoodtrade post# 1633 Post # of 1687

Financing will bring in Over 5 Million, heard these will be over subscribed too

Warrants at .50, unless it is revised up to .60

1. Non Brokered = 9 Mill shares at .35= 3.15 Million
2. Brokered = 4,285,714 at .35 = 1.5 Million
3. Private Placement =142,857 at .35 = .05 Million
4. Additional oversubscribed placement $

Exploration program will cost an anticipated 942,000

61,928,359 shares of common stock

What Does Tranches Mean?

Refers to a piece, portion, or slice of a deal. The portion is one of several related securities that are offered simultaneously, but with each having different risks, rewards, and/or maturities. “Tranche” is the French word for “slice.”