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Message: TSX-V accepted for filing 2.56-million-share PP - 2008-12-19

TSX-V accepted for filing 2.56-million-share PP - 2008-12-19

posted on Jan 20, 2009 08:09AM

Halo Resources 2.56-million-share private placement

2008-12-19 16:08 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced Nov. 28, 2008.

Number of shares: 1.06 million flow-through shares and 1.5 million non-flow-through shares

Purchase price: Five cents per share

Warrants: 750,000 share purchase warrants to purchase 750,000 non-flow-through shares

Warrant exercise price: 10 cents for a two-year period

Hidden placees: Two hidden placees participated

Insiders: Lynda Bloom, 360,000; Nick DeMare, 200,000

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