Subscription Agreement for Private Placement of Units – February 23, 2007 (Multiple Subscribers)
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Summary
This agreement documents a private placement in which several investors, including Seneca Holdings Limited, Precious Capital Global Mining & Metals Fund, and others, subscribed to purchase units at $3.00 each. Each unit consists of one common share and half a warrant, with warrants exercisable at $4.50 for 24 months. The warrants may be called if the stock trades at $6.50 for 20 consecutive trading days. The total investment is $1,725,000 for 575,000 shares and 287,500 warrants.
EX-4.9 20 v148068_ex4-9.htm
REG. S PRIVATE PLACEMENT – FEBRUARY 23, 2007
Subscription: $3.00 per Unit: 1 Unit = 1 common share and ½ warrant exercisable at $4.50 for 24 months, callable if stock trades at $6.50 for 20 consecutive trading days
| $ | SHARES | WARRANTS | ||||||||||
| SUBSCRIBER | INVESTED | ISSUED | ISSUED | |||||||||
| Seneca Holdings Limited | $ | 300,000 | 100,000 | 50,000 | ||||||||
| Precious Capital Global Mining & Metals Fund | $ | 300,000 | 100,000 | 50,000 | ||||||||
| Christoph Richter | $ | 30,000 | 10,000 | 5,000 | ||||||||
| Synergy Asset Management Ltd. | $ | 120,000 | 40,000 | 20,000 | ||||||||
| Schroder & Co Bank AG | $ | 60,000 | 20,000 | 10,000 | ||||||||
| EFG Eurofinanciere d’Investissements | $ | 90,000 | 30,000 | 15,000 | ||||||||
| Gaia Resources Fund | $ | 300,000 | 100,000 | 50,000 | ||||||||
| Giso Finance SA | $ | 30,000 | 10,000 | 5,000 | ||||||||
| Hebrides II Offshore Fund Ltd | $ | 120,000 | 40,000 | 20,000 | ||||||||
| Iroquois Master Fund Ltd. | $ | 375,000 | 125,000 | 62,500 | ||||||||
| TOTAL | $ | 1,725,000 | 575,000 | 287,500 | ||||||||
