$250K cheque swap!!Only very aggressive and expensive promotion can give this POS a bid. And how much would you want to bet that old Greener is a seller into her paid promo today and in the days to come?
The Yield Growth Corp. closed on Dec. 31, 2019, a $250,000 private placement to one purchaser for units at a cost of 25 cents per unit, consisting of one common share and one warrant to purchase an additional common share at 26.5 cents for one year from the closing date. The warrants have a hold period of four months plus a day. The one million shares are restricted and will be released according to the following schedule: 200,000 shares to become free trading four months and one day after the closing date; 200,000 shares to become free trading on June 15, 2020; 200,000 shares to become free trading on Sept. 15, 2020; 200,000 shares to become free trading on Oct. 15, 2020; and 200,000 shares to become free trading on Nov. 15, 2020.
The proceeds were used to pay in advance a one-year contract with the purchaser for marketing services, including digital and e-mail marketing, native advertising and interviews for content creation. Additional fees are payable throughout the year for additional third party costs related to the services. The closing of this private placement and use of proceeds were disclosed on a Form 9 filed with the Canadian Securities Exchange on Dec. 31, 2019.