Newstrike Brands Ltd NWKRF

RE:$80 Million raised at $1.32 = Screaming buy at $1.00 !!!

[1hot-techwoman]

srtman03 wrote: Newstrike Resources Ltd. Announces Upsize of Previously Announced Bought Deal Financing to $80 million Wednesday, January 24, 2018, 6:12 PM ET Newstrike Resources Ltd. Announces Upsize of Previously Announced Bought Deal Financing to $80 million TORONTO, ONTARIO--(Marketwired - Jan. 24, 2018) - Not for distribution to U.S. newswire services or for dissemination in the United States Newstrike Resources Ltd. (TSX VENTURE:HIP) ("Newstrike" or the "Company") is pleased to announce that the Company has entered into a revised agreement with a syndicate of underwriters co-led by INFOR Financial Inc. and Cormark Securities Inc. (collectively, the "Underwriters"), to increase the size of its previously announced bought deal financing to $80,005,200 aggregate gross proceeds (the "Offering"), representing 60,610,000 Units of the Company (the "Units"), at a price of $1.32 per Unit (the "Issue Price"). The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 15% of the Units at the Issue Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, an additional $12,000,780 will be raised pursuant to the Offering and the aggregate proceeds of the Offering will be $92,005,980. Each Unit will be comprised of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one additional Common Share at an exercise price of $1.75, for a period of 24 months following the closing of the Offering. In the event that the volume weighted average trading price of the Common Shares for ten (10) consecutive trading days exceeds $2.60, the Company shall have the right to accelerate the expiry date of the Warrants upon not less than fifteen (15) trading days' notice.

100% :)