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Buzz Capital Inc V.BUZ.P

Buzz Capital Inc. is a Canada-based capital pool company. The principal business of the Corporation is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction (QT). The Company has not commenced operations and has not generated revenue.


TSXV:BUZ.P - Post by User

Post by juneau103on Mar 22, 2018 3:29am
183 Views
Post# 27758907

UNDERSTANDING THE NEW SHARE STRUCTURE

UNDERSTANDING THE NEW SHARE STRUCTURE1) After giving effect to the Qualifying Transaction, the Consolidation and the Concurrent Financing, the Resulting Issuer is expected to have approximately 43 million common shares issued and outstanding (non-diluted), of which approximately 89% will be held by the current shareholders of Kaya, and 11% by the existing shareholders of Buzz. 2) Buzz currently has 8,200,000 Buzz Shares, 775,000 stock options and 420,000 broker warrants issued and outstanding and intends to consolidate the Buzz Shares on a 2:1 basis (resulting in 4,100,000 post-consolidation Buzz Shares). 3) The Letter of Intent contemplates that, in connection with the Qualifying Transaction, Kaya will complete a brokered financing of subscription receipts (the Subscription Receipts) at a price of C$1.25 per Kaya Share for aggregate gross proceeds of approximately $8.5 million (the Concurrent Financing). Pursuant to a binding letter of intent dated February 27, 2018, Hiku Brands Inc. (Hiku) has committed to contribute a lead order that would result in Hiku owning up to 10% of Kaya on a fully-diluted basis. $8,500,000.00 / $1.25 = 6,800,000 million shares HIKU:CSE 135M shares outstanding, Trading range $.44-$4..82 currently trading at $2.80 4) MATH 43,000,000 fully diluted - 4,100,000 BUZZ shareholders all free trading - 6,800,000 shares issued under terms of financing (being dune under Subscription Receipts - free trading at open) no mention of warrants ______________________________________________________________________________________________ 32,100,000 for vend in of transaction ( some if not all will be restricted shares ) Finally, Upon completion of the Qualifying Transaction, the Resulting Issuer is expected to be listed as a Tier 1 or Tier 2 Life Science or Industrial Issuer. J103 ( hows my math ? )
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