http://www2.ccnmatthews.com/scripts/...e.pl?/2003/11/07/1107117n.html
ENERGULF RESOURCES INC. ("ENG") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: November 7, 2003 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing effective November 6, 2003 documentation with respect to a Non-Brokered Private Placement announced September 17, 2003:
Number of Shares: 2,107,836 shares
Purchase Price: $0.45 per share
Warrants: 1,053,918 share purchase warrants to purchase 1,053,918 shares
Warrant Exercise Price: $0.675 for a one year period
Number of Placees: 28 placees
Insider / Pro Group Participation:
Insider equals Y / Name ProGroup equals P / # of Shares New Insider equals N (in the event warrants are exercised)
James Askew Y 166,666 Jeff Greenblum Y 600,000 Cheri Pedersen Y 500,000 John Ross P 35,000 Reg Smith P 20,000 Michael O'Brien P 20,000
Finder's Fee: 49,500 units, each unit consisting of one share and one-half of one warrant. Each warrant is exercisable at $0.675 per share for a twelve month period payable to Raymond James Ltd.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. |