OTCPK:ATBPF - Post by User
Comment by
mstrmndon Jun 10, 2020 5:09pm
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Post# 31135692
RE:at 0.40 financing
RE:at 0.40 financingWhy are you reposting junk?
mingzhu wrote: TORONTO — Antibe Therapeutics Inc. (“Antibe” or the “Company”) (TSXV:ATE) today announced that it has entered into a bought deal agreement with a syndicate of underwriters led by Bloom Burton Securities Inc. and including Echelon Wealth Partners Inc., Paradigm Capital Inc., Raymond James Ltd., Stifel GMP and Industrial Alliance Securities Inc. (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase 62,500,000 units of the Company (the “Units”) at a price of $0.40 per Unit for gross proceeds of $25,000,000 (the “Offering”). Each Unit shall consist of one common share of the Company (a “Share”) and one-third (1/3) of one Common Share purchase warrant (a “Warrant”), each whole Warrant exercisable for one common share at a price of $0.60 per share for a period of 24 months. In addition, the Underwriters will have the option, exercisable until 30 days after the closing date, to acquire up to that number of additional Units equal to 15% of the Units sold and/or additional Warrants equal to 15% of the number of Warrants sold (the “Over-Allotment Option”). If the Over-Allotment Option is exercised in full, the total gross proceeds of the Offering would be $28,750,000.