ACB raises 75 Million just 2 days after RTI Trial concludesIf that does tell you ACB is planning a Buyout or huge partnership deal i dont know what does
Aurora Cannabis Announces Upsize of Previously Announced Bought Deal Private Placement Financing to $75 Million /NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/ TSXV:ACB VANCOUVER, April 11, 2017 /CNW/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (TSXV: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) announced today that it has entered into a revised agreement with Canaccord Genuity Corp., on behalf of a syndicate of underwriters (the "Underwriters"), to increase the size of its previously announced bought deal private placement of convertible debentures to $75 million aggregate principal amount of convertible debentures (the "Debentures") at a price of $1,000 per Convertible Debenture (the "Offering"). The Debentures will bear interest from the date of closing at 7% per annum, payable semi-annually on June 30 and December 31 of each year. The Debentures mature on the date that is 24 months following the Closing Date (as defined below) of the Offering (the "Maturity Date"). Net proceeds from the Offering will be used primarily towards international expansion and growth opportunities. The Debentures will be convertible at the option of the holder into common shares of the Company ("Common Shares") at any time prior to the close of business on the Maturity Date at a conversion price of $3.29 per Common Share (the "Conversion Price"). Beginning on the date that is four months and one day following the Closing Date, the Company may force the conversion of the then outstanding principal amount of the Debentures at the Conversion Price on 30 days prior written notice should the daily volume weighted average trading price of the Common Shares be greater than $4.94 for any 10 consecutive trading days. The Debentures will be subject to redemption, in whole or in part, by the Company at any time after 12 months upon giving holders not less than 30 and not more than 60 days' prior written notice, at a price equal to the then outstanding principal amount of the Debentures plus all accrued and unpaid interest up to and including the redemption date. Upon a change of control of the Company, holders of the Debentures will have the right to require the Company to repurchase their Convertible Debentures, in whole or in part, on the date that is 30 days following the giving of notice of the change of control, at a price equal to 100% of the principal amount of the Debentures then outstanding plus accrued and unpaid interest thereon (the "Offer Price"). If 90% or more of the principal amount of the Debentures outstanding on the date of the notice of the change of control have been tendered for redemption, the Company will have the right to redeem all of the remaining Debentures at the Offer Price. The Debentures and any Common Shares issuable upon conversion thereof, will be subject to a statutory hold period lasting four months and one day following the Closing Date. Closing of the Offering is expected to occur on or about April 26, 2017 (the "Closing Date"). The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSXVenture Exchange. About Aurora Aurora's wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR). The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, is currently constructing a second 800,000 square foot production facility, known as "Aurora Sky", at the Edmonton International Airport, and has acquired and is undertaking completion of a third 40,000 square foot production facility in Pointe Claire, Quebec, near Montreal. In addition, the company is the cornerstone investor with a 19.9% stake in Cann Group Limited, the first Australian company licensed to conduct research on and cultivate medical cannabis. Aurora's common shares trade on the TSX-V under the symbol "ACB". On behalf of the Board of Directors, AURORA CANNABIS INC. Terry Booth CEO