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.
In connection with the private placement, a cash finder's fee
of 6% will be paid to a person at arm's length to Anaconda.
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.
The company also said that finder's fees
will be payable and both the private placement and finder's fees
are subject to regulatory approval.