PacRim Resources 7.52-million-share private placement
2003-10-07 14:25 MT - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 9, 2002, and Feb. 11, 2003.
No. of shares:
7,523,817
Purchase price:
22.5 cents
Warrants:
7,523,187 share purchase warrants to purchase 7,523,817 shares
Warrant exercise price:
30 cents for a two-year period
No. of placees:
Three
Insiders:
Consol Trading Corp. (Ben Roy Keally) three million, Pacific Rim Mining Ltd. (Mike Eden) three million and Tavam Financial Corp. (David Wood) 1,523,817
Pursuant to TSX Venture Exchange 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. |
