Southridge Enterprises Inc (SRGE)

[brightguy]

Please explain to us in simple terms how this is a restriction??similar to the one that suspended SRGE trading and sent it to the grey sheets!!
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BANDERA GOLD LTD. ("BGL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 5, 2013
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 20, 2013:

Number of Shares: 5,100,000 shares

Purchase Price: $0.05 per share

Warrants: 2,550,000 share purchase warrants to purchase 2,550,000 shares

Warrant Exercise Price: $0.05 for a two year period. The warrants are subject to an accelerated exercise provision in the event the Company's shares trade at or above $0.08 per share for 5 consecutive trading days.

Number of Placees: 2 placees
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. 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.