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Giant Mining Corp. — Capital/Financing Update 2020
Sep 14, 2020
47488_rns_2020-09-14_45c2921d-45f7-4d88-ba11-9852962a78c3.pdf
Capital/Financing Update
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Form 51-102F3 Material Change Report
1. Name and Address of Company
Bam Bam Resources Corp.
2831 Wembley Drive North Vancouver, BC, V7J 3B8
(the “Company”)
2. Dates of Material Change(s)
September 14, 2020
3. News Release(s)
News release was issued on September 14, 2020 and disseminated by Stockwatch News and Baystreet News pursuant to section 7.1 of National Instrument 51–102.
4. Summaries of Material Changes
The Company announces it has closed an over-subscribed non-brokered private placement financing for total gross proceeds of $1,975,000.
5. Full Description of Material Changes
News Release dated September 14, 2020– See Schedule “A”.
6. Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
7. Omitted Information
No information has been omitted.
8. Executive Officer
Mr. David C. Greenway, CEO of the Company, is knowledgeable about the material change contained herein and may be reached at (604) 318-0114.
9. Date of Report
This report is dated September 14, 2020.
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SCHEDULE “A”
to the Material Change Report dated September 14, 2020
NEWS RELEASE
BAM BAM RESOURCES CLOSES PRIVATE PLACEMENT
VANCOUVER, BC — September 14, 2020— Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZD / FSE: 4NPB) ( “ Bam Bam ” or the “ Company ” ) is pleased to announce it has closed an over-subscribed non-brokered private placement financing for total gross proceeds of $1,975,000 (the “ Private Placement ”).
The Company has allotted and issued 9,875,000 units (the “ Units ”) at a price of $0.20 per Unit. Each Unit is comprised of one common share and one transferable warrant (“ Warrant ”). Each Warrant will entitle the holder to purchase one additional common share for a period of thirty-six (36) months at a price of $0.25 per share, subject to accelerated expiry.
In the event that the Company's common shares trade at a closing price at or greater than $0.50 per share for a period of 10 consecutive trading days, the Company may accelerate the expiry date of the warrants by giving notice to the holders thereof, and in such case, the warrants will expire on the 30th day after the date on which such notice is given by the Company.
In relation to the Private Placement, the Company has paid finder’s fees of $7,200 and issued 36,000 finder’s warrants to an arm’s-length party, with each finder’s warrant exercisable into a common share at a price of $0.25 per share, subject to the same accelerated expiry as above.
The Company will use the proceeds from the Private Placement towards exploring its Majuba Hill Property and general working capital. All securities issued are subject to a four-month-and-oneday hold period expiring on January 15, 2021.
About Bam Bam Resources Corp.
Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPA) is engaged in the identification, review and acquisition of latter stage copper and copper/gold assets. Management has been mandated to focus on safe, mining friendly jurisdictions and government regulations supportive of mining operations.
On Behalf of the Board of Bam Bam Resources Corp.
“David Greenway” President & CEO
Corporate Office 310-221 West Esplanade North Vancouver, BC V7M 3J3
For further information, please contact:
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