Spider Resources 5.9-million-FT-share financing
2009-01-12 16:21 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Nov. 10, 2008:
Shares: 5.9 million flow-through shares
Purchase price: five cents per flow-through share
Warrants and warrant exercise price: 4.7 million share purchase warrants to purchase 4.7 million shares at a price of five cents until Nov. 27, 2009, and at a price of 10 cents until Nov. 27, 2010. One million two hundred thousand share purchase warrants to purchase 1.2 million shares at a price of five cents until Dec. 30, 2009, and at a price of 10 cents until Dec. 30, 2010.
Hidden placees: four
Insiders: Carmen Diges 900,000; Neil Novak 300,000
Agent's fee: $21,150 and 470,000 broker warrants payable to IBK Capital Corp. Each broker warrant is exercisable into one unit at a price of five cents until Nov. 27, 2009, and at a price of 10 cents until Nov. 27, 2010. Each unit consists of a common share and a common share purchase warrant. Each warrant is further exercisable into one common share at a price of five cents until Nov. 27, 2009, and at a price of 10 cents until Nov. 27, 2010.
