Chalice Diamond flow-through, NFT private placement

2008-06-24 19:17 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 9, 2008.

Shares: 14,340,860 non-flow-through shares; 335,000 flow-through shares

Price: 10 cents per non-flow-through share; 15 cents per flow-through share

Warrants: 14,675,860 share purchase warrants to purchase 14,675,860 shares

Exercise price: 20 cents for a two-year period

Hidden placees: 75

Pro groups: James Blake 600,000 NFT; Scott Robinson 250,000 NFT; Gord McCaslin 100,000 NFT; 676625 Ontario Ltd. (Paul Crossett) 200,000 NFT; Harley Mayers 200,000 NFT; Gus Wahlroth 200,000 NFT; Jasson Aisenstat 100,000 NFT; David Durnie 50,000 NFT

Insiders: Hastings Management Ltd. (Richard W. Hughes) 300,000 NFT; Richard Hughes one million NFT; Munday Home Sales Ltd. (Max Munday) two million NFT; Munday-Maxwell-Gaylene-Association (Max Munday) two million NFT

Finders' fees: $8,000 cash payable to Research Capital Corp.; $5,600 cash payable to Standard Securities Capital Corp.; $8,420 cash payable to Gateway Securities Inc.; $6,800 cash payable to CIBC Wood Gundy; $5,000 cash payable to Peter MacLea