Solution Financial Inc (C-SFI) - Private PlacementThought I would be the first poster..
Not syaing to buy or sell.
But am wondering whats going to make this one go?
Solution Financial Inc (C-SFI) - Private Placement
Solution Financial 14,979,000-share private placement
2018-06-25 17:12 ET - Private Placement
Shares issued 78,979,031
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered and non-brokered private placement announced Oct. 24, 2017.
Number of shares: 14,979,000 postconsolidated shares (of which 13.61 million shares were converted from subscription receipts)
Purchase price: 25 cents per postconsolidated share
Warrants: 7,489,500 share purchase warrants to purchase 7,489,500 postconsolidated shares
Warrant exercise price: 40 cents for an 18-month period
Number of placees: 37 placees (brokered); eight placees (non-brokered)
Insiders: Michael Wing Keung Chan, 600,000; Vincent Ka Ho Lau, 1.2 million; Desmond Balakrishnan, 200,000; Sean Hodgins, 200,000; Kerry Meier, 400,000
Total pro group involvement: 510,000 (seven placees)
Agents' fees: Industrial Alliance Securities Inc. (lead agent), $75,225 (which includes a corporate finance fee of $40,000) and 60,900 agent's compensation options exercisable into a unit at 25 cents per unit for an 18-month period (The units have the same terms as the offering.); Echelon Wealth Partners Inc., $6,300 and 25,200 agent's compensation options exercisable into a unit at 25 cents per unit for an 18-month period (The units have the same terms as the offering.); PI Financial Corp., $56,400 and 225,600 agent's compensation options exercisable into a unit at 25 cents per unit for an 18-month period (The units have the same terms as the offering.); Leede Jones Gable Inc., $8,250 and 33,000 agent's compensation options exercisable into a unit at 25 cents per unit for an 18-month period (The units have the same terms as the offering.); Canaccord Genuity Corp., $12,500 and 48,000 agent's compensation options exercisable into a unit at 25 cents per unit for an 18-month period (The units have the same terms as the offering.)