Supreme Cannabis Announces Overnight Marketed Public Offering – World News Report

/EIN News/ — Not for distribution to U.S. news wire services or dissemination in the United States.

TORONTO, Jan. 25, 2021 (GLOBE NEWSWIRE) — The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is pleased to announce that it has launched an overnight marketed public offering of units of the Company (the “Units”) at a price of $0.19 per Unit for gross proceeds of approximately $20 million (the “Offering”). Each unit will be comprised of one common share of the Company (a “Common Share”) and one half of one common share purchase warrant of the Company (each full common share purchase warrant, a “Warrant”). Each Warrant will be exercisable to acquire one common share of the Company (a “Warrant Share”) for a period of 36 months following the closing date of the Offering at an exercise price of $0.23 per Warrant Share, subject to adjustment in certain events.

The offering is expected to be priced in the context of the market, with the final terms of the Offering to be determined at the time of pricing pursuant to the terms of an underwriting agreement to be entered into between the Company and BMO Capital Markets, as lead underwriter and sole bookrunner, and a syndicate of underwriters (collectively, the “Underwriters”). There can be no…

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/EIN News/ — Not for distribution to U.S. news wire services or dissemination in the United States.

TORONTO, Jan. 25, 2021 (GLOBE NEWSWIRE) — The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is pleased to announce that it has launched an overnight marketed public offering of units of the Company (the “Units”) at a price of $0.19 per Unit for gross proceeds of approximately $20 million (the “Offering”). Each unit will be comprised of one common share of the Company (a “Common Share”) and one half of one common share purchase warrant of the Company (each full common share purchase warrant, a “Warrant”). Each Warrant will be exercisable to acquire one common share of the Company (a “Warrant Share”) for a period of 36 months following the closing date of the Offering at an exercise price of $0.23 per Warrant Share, subject to adjustment in certain events.

The offering is expected to be priced in the context of the market, with the final terms of the Offering to be determined at the time of pricing pursuant to the terms of an underwriting agreement to be entered into between the Company and BMO Capital Markets, as lead underwriter and sole bookrunner, and a syndicate of underwriters (collectively, the “Underwriters”). There can be no…

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