finder's fee

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finder's fee

Remuneration paid to a party that finds a client of a particular type. Cf Fee splitting.
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The Company paid finders' fees to David McNamara of 37,500 common shares and Peter Sugden of 6,250 common shares, at a deemed price of $0.
After payment of expenses and finders' fees, the Company will receive net proceeds of $4,677,075 at closing.
The shares sold in the private placement as well as the shares issued with respect to the payment of finders' fees are subject to a hold period which expires on February 11, 1998.