No finder's fee
or commission is payable in connection with the CAVAN-NORD claims agreement.
The offering and finder's fee
are subject to TSX Venture Exchange approval.
For its role in facilitating this transaction Salman Partners will be paid a finder's fee
of 6%, payable in Units and 6% in finder's warrants upon closing.
In connection with the acquisition of the Companies, Ribbon has agreed to pay a finder's fee
of approximately 8% of the aggregate deemed value of $6,000,000 to a third party that is at arm's length to Ribbon, Integrated and the Companies (the "Finder") for services provided to the Companies including sourcing a public vehicle and providing advice on the structuring and business plan for the Companies.
All securities issued pursuant to the private placement and the finder's fee
are subject to a four month hold period from the date of closing.
In connection with the non-brokered private placement, a 7 % cash finder's fee
commission was be paid out to Wolverton Securities Ltd for an amount of $24,150 cdn and the Company has also issued broker warrants to acquire the number of units equal to 7 % of the units subscribed for by the investors or 483,000 broker warrants.
AGI") acted as finder and was paid $40,950 in finder's fees
and a group of agents lead by AGI were issued 819,000 compensation options to purchase common shares of the Company at $0.
of $2,500 and 15,000 Agent's Warrants were paid in respect of the non-brokered placement.