Verde Agritech Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Verde Agritech

NPK.TO 0.920

0.0%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: kidl	6/21/2017 7:34:24 AM
	Read Replies (2) of 16582

Small financing ... Not the greatest thing since sliced bread but not really surprising in light of the production start up costs. 1 Mil shares won't do any harm to the share structure and the terms are ok. Let's just hope they don't increase the size of the offering. It may also explain Alta Corp's recent trading games. TORONTO, June 21, 2017 (GLOBE NEWSWIRE) -- Verde AgriTech Plc ( NPK.TO) ("Verde” or the “Company”) is pleased to announce a non-brokered private placement to raise up to C$1 million (the “Placement”) through the issuance of up to 952,380 units of securities (“Units”) at a price of $1.05 per Unit. Each Unit will be comprised of one ordinary share of the Company (an “Ordinary Share”) and one Ordinary Share purchase warrant (a “Warrant”). Each Warrant will be exercisable to purchase an Ordinary Share at an exercise price of C$2.00 for a period of up to two years from the closing of the Placement, subject to an acceleration provision under which if the 20-day volume weighted average trading price of the Ordinary Shares on the Toronto Stock Exchange (the “TSX”) exceeds C$2.00 the Company can accelerate the expiry date of the Warrants by giving notice to the holders that the expiry date of the Warrants has been accelerated to 30 days after the notice. The Placement will be open to all existing shareholders who are accredited investors, and to non-shareholder accredited investors. Each subscriber will be required to complete a subscription agreement that confirms, among other things, the availability of an exemption from the prospectus requirements of applicable securities laws in respect of the sale of Units to such subscriber. Eligible investors wishing to participate in the Placement are invited to contact the Company via the email investor@verdeagritech.com to obtain a subscription agreement. In the event of over-subscription, the Company will determine allocations between subscribers and/or increase the Placement size at its sole discretion. The Placement is expected to close on or about July 21, 2017. The Ordinary Shares and Warrants comprising the Units (the “Unit Securities”) (and any Ordinary Shares issued on exercise of the Warrants (“Warrant Shares”)) will be subject to a hold period of four months after the closing date of the Placement. The terms and completion of the Placement are subject to TSX conditional approval. The Company may pay finder's fees in connection with the Placement. The net proceeds from the Placement will be used by the Company for general working capital purposes.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next