18:27:02 EDT Sun 20 Oct 2019
Enter Symbol
or Name
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CA



Erin Ventures Inc (2)
Symbol C : EV
Shares Issued 81,201,689
Close 2019-10-09 C$ 0.05
Recent Sedar Documents

Erin Ventures 8,845,000-share private placement

2019-10-09 17:28 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 27, 2019.

Number of shares:  8,845,000 shares

Purchase price:  five cents per share

Warrants:  8,845,000 share purchase warrants to purchase 8,845,000 shares

Warrant exercise price:  7.5 cents for a two-year period (The warrants have a forced acceleration clause whereby if the company's common shares trade at a price equal to or greater than 15 cents for over 10 consecutive trading days, the company will have the right to give notice to the holder requiring the holder to exercise the warrant, in whole or in part, within a period of 30 days from the date of receipt of the notice. Any portion of the warrants remaining unexercised after the expiration of the 30-day period will be cancelled and thereafter void.)

Number of placees:  25 placees

Insiders:  Blake Fallis, 120,000; Tim Daniels, 1.4 million

Finders' fees:  John Wiebe, $4,750; Lamont Stradeski, $1,125; PI Financial Corp., $4,800 cash and 120,000 non-transferrable broker's warrants (Each broker's warrant is exercisable at five cents each and will entitle the owner to acquire one unit. Each unit comprises one common share and one warrant with equal terms as the underlying issued to subscribers.)

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