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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (260)12/21/2012 7:21:18 PM
From: Goose94Read Replies (2) | Respond to of 203026
 
"Penis with ears" bought into Miranda Gold (MAD-V) 20-million-share private placement

Dec 2112 - News Release

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 15, 2012, and Nov. 28, 2012.

Number of shares: 20 million shares

Purchase price: 25 cents per share

Warrants: 20 million share purchase warrants to purchase 20 million shares

Warrant exercise price: 37.5 cents in the first and second years, 50 cents in the third, fourth, and fifth years (If the volume weighted average trading price of the common shares is at least 50 cents per share for 20 consecutive trading days up to two years after the closing date or at least 75 cents per share thereafter, the company has the right to accelerate the expiry date of the warrants upon sufficient notice to the warrantholders.)

Number of placees: 142 placees

Insiders: Steven Ristorcelli, 60,000; 2260761 Ontario Inc. (Paul van Eeden), 1.57 million; Kenneth D Cunningham Trust, 100,000; Joseph P. Hebert, 200,000

Pro groups: Leanna Jiang, 40,000; Seth Allen, 100,000

Finders' fees: Haywood Securities will receive $12,000 cash. Redplug Capital Corp. will receive $10,500 cash. Raymond James Ltd. will receive 163,800 finder units. Sprott Global Resource Investments Ltd. will receive 552,000 finder units. Trimark Capital will receive 120,000 finder units. (Each finder unit will consist of one common share of the company and one common share purchase warrant with the same terms as the private placement warrants.)