CONSOLIDATED PINE CHANNEL GOLD CORP. ("KPG") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: November 4, 2004 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 16, 2004:
Number of Shares: 2,000,000 shares (of which 1,000,000 are flow- through)
Purchase Price: $0.10 per share
Warrants: 2,000,000 share purchase warrants to purchase 2,000,000 shares (of which 1,000,000 will be on a flow-through basis)
Warrant Exercise Price: $0.15 for a one year period
Number of Placees: 17 placees
Insider / Pro Group Participation:
Insider equals Y / Name ProGroup equals P / # of Shares
Rick Walker Y 200,000 FT Rick Walker Y 100,000 NFT R. Brent Dunlop P 100,000 FT R. Brent Dunlop P 100,000 NFT
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. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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