Athlone flow-through and non-flow-through financing
Athlone Minerals Ltd ATH
Shares issued 20,005,580 Mar 17 close $1.33
Thu 18 Mar 2004 Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect
to a non-brokered private placement announced Feb. 18, 2004, and March 12,
2004.
No. of shares: 1,353,800 units and 853,163 flow-through units
Each non-flow-through unit comprises one common share and one share
purchase warrant. Each flow-through unit comprises one flow-through common
share and one-half of one share purchase warrant where each whole warrant
is exercisable into one common share.
Price: $1.30 per share
Warrants: 1,780,382 share purchase warrants to purchase 1,780,382
shares
Warrant price: $2.00 for a one-year period. If the company's shares
trade for 10 consecutive days at a price of $3.00 or
higher, warrantholders may be given written notice that
the warrants will expire if not exercised within 30
days of such notice.
Placees: 12 placees (non-flow-through) and 32 placees
(flow-through)
Pro groups: Gary Bogdanovich 50,000 flow-through and Tim Ferris
20,000 flow-through
Insider: David A. Shaw 20,000 flow-through
Finders' fees: Canaccord Capital Corp. $42,143.44; Thomas Wickstrom
$66,622.15; Inclination Earth Sciences Inc. (Michael
Moore) $9,946.08; Euromerica Capital Group Inc.
(Alexander Wurm) $24,036.36; and Bourque Consultants
(Joe Bourque) $7,873.98
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the company must
issue news announcing the closing of the private placement and setting out
the expiry dates of the hold period(s). The company must also issue news if
the private placement does not close promptly. Note that in certain
circumstances the exchange may later extend the expiry dates of the
warrants, if they are less than the maximum permitted term.
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