GREY:BXEFF - Post by User
Comment by
HARJAYon Apr 27, 2020 11:20am
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Post# 30957582
RE:RE:RE:Conditionally Sold. Not a Firm Sale.
RE:RE:RE:Conditionally Sold. Not a Firm Sale.penny
Obviously these institutions want to get in on a good thing . Acquiring assts at a discounted price is usually good for a co's future earnings etc . Quite a jump in PP upsized from $20 M to $64M
TRIPLE DEMAND should tell peoplle RTN got a great deal on this one.
The private placement
Spartan is pleased to announce that certain institutional investors have confirmed and committed to purchase, on a non-brokered private placement basis, one billion subscription receipts of the company at a price of two cents per subscription receipt for aggregate gross proceeds of $20.0-million. The completion of the private placement is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Closing of the private placement is expected to occur on or about May 8, 2020.