KALAHARI RESOURCES INC. ("KLA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 9, 2009
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of a Non-Brokered Private Placement announced November 13, 2009:
Number of Shares: 6,098,000 flow-through shares
1,050,000 non flow-through shares
Purchase Price: $0.05 per share
Warrants: 7,148,000 share purchase warrants to purchase 7,148,000 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 25 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Alan Campbell Y 500,000
Richard W. Hughes Y 150,000
Diana Mark Y 50,000
Finders' Fees: $5,700 payable to Redplug Capital
$8,000 payable to Barrington Capital Corp.
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.]
TSX-X
