Short Form Prospectus - July 10, 2017Further financing announced. See SEDAR filing >>>
HERE $3,250,000 @ $0.09 / unit
Reading the document it states that if the over-allotment is not excercised, the company will have to pull back the store expansion plan. Currently only $100,000 of the $900,000 of the required funds for store expansion has been recognized. Queen Street delayed further into Q3.
No Over-Allotment $365,000 will be used for Store Expansion (Queen Street)
$1,500,000 will be used for Inventory Purchases
$937,000 will be used for General Corperate Purposes
Over-Allotment $830,000 will be used for Store Expansion (Queen Street & Metro-town Burnaby)
$1,500,000 will be used for Inventory Purchases
$925,875 will be used for General Corperate Purposes