Watching this one as things are coming together! Plant-Based proceeds from private placement at $1.96M
2021-02-22 20:09 ET - News Release
Mr. Paul Crath reports
PBIC PROVIDES UPDATE ON PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT
Plant-Based Investment Corp. has provided an update to its previously announced non-brokered private placement.
Further to the company's press release dated Feb. 19, 2021, the company has issued an aggregate of 5,614,900 common shares of the company at a price of 35 cents per common share for aggregate gross proceeds of $1,965,215 pursuant to the offering. The proceeds of the offering will be used for investment purposes and general working capital.
In connection with the offering, the company paid to a certain eligible finder a cash commission of $28,875, equal to 5 per cent of the gross proceeds of the offering raised from subscribers introduced to the company by such finder.
The common shares issued in connection with the offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Completion of the offering is subject to regulatory approval, including satisfaction of the requirements of the Canadian Securities Exchange.
About Plant-Based Investment Corp.
Plant-Based (formerly, Cannabis Growth Opportunity Corp.) is an investment corporation that offers unique exposure to the global cannabis sector. Plant-Based's main objective is to provide shareholders with long-term total returns through its portfolio of securities, both public and private, operating in, or that derive a portion of their revenue or earnings from, products, services and technologies related to the cannabis plant family, its various compounds, and other combinatory ingredients and products.
We seek Safe Harbor.