Exchange Bulletin
Steppe Gold Ltd. (STGO) To Trade On Toronto Stock Exchange
May 17, 2018
| Issuer: | Steppe Gold Ltd. (the "Company") |
| Security: | Common Shares |
| Symbol(s): | STGO |
| Issue price per security: | $2.00 |
| Number of securities issued and outstanding: | 41,540,911 |
| Number of securities reserved for issuance: | 28,214,155 |
| Listing category: | Mining, Non Exempt |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units (the "Offering"). |
| Listing date: | May 18, 2018 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | May 22, 2018 (prior to the opening) |
| Posted for trading date: | May 22, 2018 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Temporary market maker: | Altacorp Capital Inc. |
| Security ownership registration: | The offering will be conducted under the book-based system. |
| Investor relations: | Aneel Waraich 647-998-4149 Email: aneel@steppegold.com |
| Incorporation: | Business Corporations Act (Ontario) |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is a precious metals exploration and development company focused on opportunities in Mongolia. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | The Company has not, since its incorporation, declared or paid any dividends on its common shares. The payment of dividends in the future will depend on the Company's earnings, if any, its financial condition and such other factors as its directors consider appropriate. |
| Sponsorship: | Haywood Securities Inc. |
| Disclosure document: | Prospectus dated May 2, 2018, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Disclosure document. |
| Initial public offering: | Pursuant to the Offering, 10,569,185 Units for gross proceeds of $21,138,370 will be sold at a price of $2.00 per Unit. Each unit will consist of one common share of the Company and one common share purchase warrant ("Warrant"), each Warrant exercisable into one common share at price of $2.34 until May 22, 2020. In addition, the Company has granted to the underwriters an over-allotment option pursuant to which the underwriters may purchase up to 1,585,377 additional Units at the Offering Price. |
| TSX contact: | Julie K. Shin, Director, Listed Issuer Services, Toronto Stock Exchange. |
