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Gold/Mining/Energy : Canadian Warrants Only
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From: calgarylady6/17/2021 9:38:16 AM
   of 23102
 
Stack Capital Group closes $100.02-million IPO

2021-06-16 07:28 MT - News Release

The common shares and the IPO warrants will begin trading on the Toronto Stock Exchange as of today's market opening under the symbols STCK and STCK.WT, respectively. As Stack Capital does not meet the original listing requirements of the TSX set out in Section 309(a) of the TSX company manual, the TSX has exercised its discretion to waive the requirements for historical earnings and pretax cash flow, and has agreed to list Stack Capital pursuant to the TSX Sandbox. Listing on the TSX was subject to Stack Capital fulfilling all of the listing requirements of the TSX (save for those requirements for which an exemption or waiver was provided through the TSX Sandbox) including, among other things, raising minimum gross proceeds of $100-million under the offering. Stack Capital will remain listed pursuant to the TSX Sandbox until such time as it has: (i) deployed 50 per cent of the net proceeds raised pursuant to the offering and the management investment; and (ii) publicly filed interim financial statements reflecting a full quarter of operating history subsequent to listing on the TSX. As disclosed under risk factors in the prospectus, Stack Capital lacks an operating history and there is a very limited basis upon which a potential investor can evaluate Stack Capital's ability to achieve its stated investment objective. Investors are referred to the risk factors set out in the prospectus for further details.

stockwatch.com
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