Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See
full details
.
I Agree
×
Join today and have your say! It’s FREE!
Join Now
Sign In
Become a member today, It's free!
We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.
Join Today
or
Sign in with existing account
Privacy Policy
|
Disclaimer
Sign In
Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Remember me
Forgot Password?
Sign In
or
Sign Up
Privacy Policy
|
Disclaimer
Please Try Again
{{ error }}
Send my password
Submit
Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.
Become a member today, It's free!
We will not release or resell your information to third parties without your permission.
Linking with Facebook:
Stockhouse membership requires an email address which must be shared by Facebook.
By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically.
If you change your Facebook permissions to restrict Stockhouse from receiving your email while joining or signing in to Stockhouse then it will fail.
Please do not modify the permission settings during sign-in.
Sign in with Facebook
Return to Signup Options
Home
Community
Bullboards
Blogs
Groups
Messages
Markets
Stocks
TSX
TSXV
CSE
NASDAQ
NYSE
NYSE American
Cryptocurrency
Currencies
Market Movers
Bonds
News
Featured News
Trending News
Canadian Press Releases
US Press Releases
Video
Editorial
Thematic Insights
Independent Reports
Interviews
Buzz on the Bullboards
Portfolio
Watchlist
Portfolio
Showcase Companies
DealRoom
News Focus
Coeur Commences Drilling at Silver North's Tim Project (click to learn more)
Quote
|
Bullboard
|
News
|
Opinion
|
Profile
|
Peers
|
Filings
|
Financials
|
Options
|
Price History
|
Ratios
|
Ownership
|
Insiders
|
Valuation
Bullboard - Stock Discussion Forum
Traxion Sab De Cv Ord Shs
GRPOF
Grupo Traxion SAB de CV is a Mexico-based company engaged in the transportation sector. The Company provides logistics services within eight business areas: Fright, including intermodal and multimodal services, door-to-door, national and cross-border distribution, among others; Integrated logistics, including logistics management, aerial and maritime services and custom transportation support...
services; Warehousing, including dedicated storage, shared warehouses, packing and value-added services, such as labeling and products assembly; Logistics systems, including software for logistics management; Passenger transportation, including transportation of personnel and students; Special services, including rental of bus and vans; Moving, including national and international moving services, and Advertising, including custom transportation services during marketing campaigns. The Company operates through a number of group companies.
see more
Join the community and start posting on the bullboards today. It's free.
You are already a member! Please enter your password to sign in.
Remember me
Forgot password?
Back
Submit
By providing my email, I consent to receiving messages from Stockhouse.
Create a portfolio watchlist today. It's free.
You are already a member! Please enter your password to sign in.
Remember me
Forgot password?
Back
Submit
By providing my email, I consent to receiving messages from Stockhouse.
Add To Watchlist
PINL:GRPOF - Post Discussion
Traxion Sab De Cv Ord Shs
> Tetra Bio-Pharma Inc. Announces Proposed Offering of Units
New Post
View:
Discussion
List
(72)
•••
Humanist
X
View Profile
View Bullboard History
Post by
Humanist
on Jun 19, 2019 6:56pm
Tetra Bio-Pharma Inc. Announces Proposed Offering of Units
Tetra Bio-Pharma Inc. Announces Proposed Offering of Units
Tetra Bio-Pharma Inc
Jun 19, 2019, 18:18 ET
OTTAWA, June 19, 2019 /CNW Telbec/ - Tetra Bio-Pharma Inc. ("
Tetra
" or the "
Company
"), a biopharmaceutical multifaceted corporation with its primary focus in cannabinoidbased drug discovery and development (TSXV:
TBP
) (OTCQB: TBPMF), is pleased to announce that it has filed and received a receipt for a preliminary short form prospectus (the "
Preliminary Prospectus
") in connection with a
proposed offering of units ("Units") for minimum gross proceeds
of C$3,500,000 and maximum gross proceeds of C$7,000,000 (the "Offering").
Echelon Wealth Partners Inc.
(the "
Lead Agent
") and
Paradigm Capita
l Inc. (collectively with the Lead Agent, the "
Agents
") will conduct the Offering on a commercially reasonable best efforts basis as the Company's agents for the Offering in each of the provinces of Canada, except Qubec.
The Units may also be offered for sale in the United Stateson a private placement basis
pursuant to an exemption from the registration requirements of the
United States Securities Act of 1933
, as amended (the "
U.S. Securities Act
") and applicable state laws.
Each Unit
will consist of one Class A common share (a "
Common Share
") in the capital of the Company and one Common Share purchase warrant (a "
Warrant
") of the Company.
Each Warrant
will entitle the holder thereof to acquire one Common Share by paying
an exercise price for a period of 36 months fr
om the date of closing of the Offering.
The number of Units to be distributed, the price per Unit and the exercise price of the Warrants will be determined by negotiation between the Company and the Lead Agent prior to the filing of the final short form prospectus relating to the Offering.
If the minimum Offering size is completed, the Company intends to use the net proceeds of the Offering to
continue the development of its clinical program, including Phase 3 clinical trial expenses, manufacturing and other expenses related to PPP011,
(ii) development of products of Panag Pharma Inc., the Company's wholly owned subsidiary, in connection with its acquisition thereof, and
(iii) for working capital and general corporate purposes. If the maximum Offering size is completed, the Company intends to use the net proceeds for,
additionally, (i) optimizing the manufacturing process related to PPP002, (ii) toxicology relating to PPP003, (iii) API manufacturing (HU-308) related to PPP003 and
(iv) commercializing the hemp energy drink product of its wholly-owned subsidiary, Tetra Natural Health Inc.
In consideration for the services to be rendered by the Agents in connection with the Offering, the Agents shall be entitled to a cash
commission equal to 7% of the gross proceeds of the Offering, which
shall be payable on the Closing Date. The Agents shall also be granted broker warrants ("
Broker Warrants
") to acquire that number of Common Shares as is equal to 7% of the number of Units sold in the Offering.
Each Broker Warrant will entitle the holder thereof to acquire one Common Share on payment of an exercise price for a period of 24 months from the issuance date thereof.
Closing of the Offering is expected to occur
in July 2019.
The Offering is subject to a number of conditions, including, without limitation, the entering into of a definitive agency agreement and receipt of all regulatory approvals, including the approval of the TSX Venture Exchange. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.
A copy of the Preliminary Prospectus, which was filed in each of the provinces of Canada, except Qubec, contains important information relating to the Offering and the Units, and is available on SEDAR at
www.sedar.com
or by contacting the Lead Agent at
ecm@echelonpartners.com
. The Preliminary Prospectus is still subject to completion or amendment. There will not be any sale or any acceptance of an offer to buy the Units until a receipt for the final short form prospectus has been issued.
The securities described herein have not been, and will not be, registered under the U.S. Securities Act or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Company's securities to, or for the account or benefit of, persons in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Tetra Bio-Pharma:
Tetra Bio-Pharma (TSX-V: TBP) (OTCQB: TBPMF) is a biopharmaceutical multifaceted corporation with its primary focus in cannabinoid-based drug discovery and development with a clinical trial program aimed at bringing novel drugs and treatments to patients and their healthcare providers. Tetra Bio-Pharma's subsidiary, Tetra Natural Health, also focuses on the development and commercialization of natural health and self-care products as well as the sale of its hemp energy drinks.
For more information visit:
www.tetrabiopharma.com
and
www.tetranaturalhealth.com
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
https://www.newswire.ca/news-releases/tetra-bio-pharma-inc-announces-proposed-offering-of-units-810915782.html
(0)
•••
Herb255
X
View Profile
View Bullboard History
Comment by
Herb255
on Jun 19, 2019 7:02pm
Someone fat finger leaked this to SEDAR eight minutes before market close. That's why the -9% flush out this afternoon. Very frustrating.
Thank You
Your Report has been submitted.
Report Abusive Content
×
Close
Sign up to get access
You are already a member! Please enter your password to sign in.
Remember me
Forgot password?
Back
Submit
By providing my email, I consent to receiving messages from Stockhouse.
The Market Update
{{currentVideo.title}}
{{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >
A daily snapshot of everything
from market open to close.
{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}
{{currentVideo.intervieweeTitle}}
{{currentVideo.headline}}
{{currentVideo.link1Text}}
{{currentVideo.link2Text}}
< Previous
{{moreVideoText}}
Next >
Featured News Links
A New Clean Technology for Recovering Precious Metals From End of Life Products