DEVERON CORP. ("FARM") ("FARM.WT")
BULLETIN TYPE: Prospectus-Unit Offering, New Listing-Warrants
BULLETIN DATE: March 1, 2022
TSX Venture Tier 2 Company
The Company's Prospectus Supplement dated February 18, 2022 to the Short Form Base Shelf Prospectus dated November 30, 2021 was filed with and accepted by TSX Venture Exchange. The Base Shelf Prospectus was filed with and receipted by the Ontario Securities Commission on November 30, 2021. A receipt of the Based Shelf Prospectus was deemed to be issued by British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador Securities Commissions.
TSX Venture Exchange has been advised that the closing of the offering occurred on February 25, 2022, with subsequent full exercise of over-allotment option, for gross proceeds of $11,500,000.
Offering:
| 16,428,573 Units (including over-allotment option). Each Unit consists
of one common share and one-half of one common share purchase
warrant, with each whole warrant being exercisable into one common
share at an exercise price of $0.90 until February 25, 2024.
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| Unit Price:
| $0.70 per Unit.
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| Agent(s):
| Raymond James Ltd.
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| Agent(s) Commission:
| An aggregate of $878,500.08 in cash and 1,150,000 broker warrants
payable to the Agent. Each broker warrant entitles the holder to acquire
one common share at an exercise price of $0.70 for a period of 24
months following the closing date of the offering.
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Listing of Warrants:
Effective at the opening on Thursday, March 3, 2022, the common share purchase warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as a "Support Activities For Agriculture And Forestry" company.
Corporate Jurisdiction:
| Ontario
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| Capitalization:
| up to 8,214,287 warrants created and authorized, of which 8,214,287 are issued and outstanding
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| Transfer Agent:
| TSX Trust Company
| Trading Symbol:
| FARM.WT
| CUSIP Number:
| 25162L120
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These warrants were issued under a warrant indenture dated February 25, 2022, pursuant to the Company's Prospectus Supplement dated February 18, 2022. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.90 until February 25, 2024.
For further details, please refer to the Prospectus Supplement dated February 18, 2022, and news releases dated February 15, 2022, February 16, 2022 and February 25, 2022. |
