Post by
ranman on Nov 05, 2020 2:38pm
New PP at 5 cents?
Why don't they mention the number of units? How much money are they raising and for what purpose? Why is it priced lower than the one they did in July (see link beow). This is a wee bit slimey considering the price is now in the 9 cent range.
https://www.stockwatch.com/News/Item?bid=Z-C:BEER-2942203&symbol=BEER®ion=C
The Company also announces they their intention to complete a non-brokered private placement of units ("Units"), at a price of $0.05 per Unit, with each Unit being comprised of one common share,
and one whole warrant ("Warrant"), with each warrant entitling the holder to acquire one common share at an exercise price of $0.13 for a period of two years from the date of closing, subject to acceleration.
The issuance price of $0.05 was previously reserved with the TSX Venture Exchange, on or about September 30, 2020. Closing of the non-brokered private placement is scheduled for November 30, 2020, or such other date as the Company may determine.