Quantitative Alpha Trading (AGBTF) Inactive
Filed: 15 Jun 06, 12:00am
This is the form of material change report required under Section 85(1) of the Securities Act.
BC FORM 51-102F3
(formerly Form 53-901F)
Securities Act
MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT
Item 1.
Reporting Issuer
Bassett Ventures Inc.
Cathedral Place
Suite 1304 – 925 West Georgia Street
Vancouver, BC V6C 3L2
Item 2.
Date of Material Change
June 14, 2006
Item 3.
Press Release
June 14, 2006, at Vancouver, BC, Canada.
Item 4.
Summary of Material Change
Bassett Ventures Inc. announces the completion of a private placement, as first announced May 4, 2006 of 5,000,000 units at a price of US$0.12 per unit for gross proceeds of US$600,000. Each unit is comprised of one common share without par value in the share capital of the Company and one non-transferable share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one additional common share at a price of US$0.12 per share for twelve months from the date of issuance and US$0.15 per share thereafter, to a maximum of two years from the date of issuance. The proceeds will be used for general working capital purposes.
Item 5.
Full Description of Material Change
Please see Item 4.
Item 6.
Reliance on Section 85(2) of the Act
N/A
Item 7.
Omitted Information
None
Item 8.
Senior Officers
The following senior officers of the Issuer are knowledgeable about the material change and may be contacted by the Commission at the address and telephone number:
Sokhie Puar
Peeyush Varshney
President
Corporate Secretary
(604) 684-2181
(604) 684-2181
Item 9.
Statement of Senior Officer
The foregoing accurately discloses the material change referred to herein.
Dated this 14th day of June 2006. | “Peeyush K. Varshney” | |
Peeyush K. Varshney | ||
Name Corporate Secretary | ||
Position / Title Vancouver, B.C. | ||
Place of Declaration |
BASSETT VENTURES INC.
June 14, 2006
(No.2006-06-03)
Completion of Private Placement
Vancouver, BC: Bassett Ventures Inc.(CNQ: BAVI.U and OTCBB: BAVNF) announces the completion of a private placement, as first announced May 4, 2006 of 5,000,000 units at a price of US$0.12 per unit for gross proceeds of US$600,000. Each unit is comprised of one common share without par value in the share capital of the Company and one non-transferable share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one additional common share at a price of US$0.12 per share for twelve months from the date of issuance and US$0.15 per share thereafter, to a maximum of two years from the date of issuance. The proceeds will be used for general working capital purposes.
The shares and underlying shares are subject to hold periods expiring October 15, 2006.
On behalf of the Board of Directors,
“Sokhie S. Puar”
Sokhie S. Puar
Director