ENP Newswire -
Release date- 26062014 -
Each Unit will consist of two flow-through common shares of Honey Badger ('FT Shares'), one non flow-through common share of Honey Badger and three non flow-through common share purchase warrants ('Warrant(s)'). Each Warrant will be exercisable to acquire one common share of Honey Badger at an exercise price of
It is anticipated that the private placement will close on or before
The proceeds from the sale of the FT Shares comprised in the Units will be used to incur eligible Canadian Exploration Expenses, as defined under the Income Tax Act (
As part of the Agreement, IBK is entitled to a cash commission of 9% of the gross proceeds raised under the Offering as well as Broker Warrants (the 'Broker Warrants') equal to 10% of the aggregate Units issued. Each Broker Warrant will entitle the holder to acquire three non flow-through common shares and three non flow-through warrants at a price of
All securities issued under the private placement will be subject to a four month and one day hold period from the date of issuance.
President & COO
Tel: (416) 364-7029
Tel: (416) 364-7029
This News Release contains forward-looking statements. Forward-looking statements are statements that relate to future events. In some cases, you can identify forward-looking statements by terminology such as 'may', 'should', 'expects', 'plans', 'anticipates', 'believes', 'estimates', 'predicts', 'potential' or 'continue' or the negative of these terms or other comparable terminology.
These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
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