RE:RE:Private PlacementI don't understand the warrants at 60 cents (20 cents under our current price). Maybe this was all set up weeks ago when we were in the 40 cents. Harder to accept now that we are 70 cents to a dollar range. Look forward to hearing what others here think.
Busyzzindahouse wrote: Hmmm..... that was kinda slipped at the end of the day. Not sure what to make of this.
https://thecse.com/sites/default/files/2018_01_19_Form_9_-_Notice_of_NBPP.pdf
Total amount of funds to be raised: $2,000,000
2. Provide full details of the use of the proceeds. The disclosure should be sufficiently complete to enable a reader to appreciate the significance of the transaction without reference to any other material. . General working capital purposes, seeking out revenue generating cannabis related ventures and North Road Ventures (wholly-owned subsidiary of the Company) ACMPR build-out costs.
Description of securities to be issued:
(a) Class Common Shares (the “Shares) (b) Number 5,000,000 Shares (c) Price per security $0.40 per Unit
Warrants:
(a) Number 2,500,000 Warrants (b) Number of securities eligible to be purchased on exercise of Warrants (or options) 2,500,000 Warrant Shares (c) Exercise price $0.60 (d) Expiry date 2 years from closing
[/quote]