VIVO last pp $3.50right now $1.30
ABcann Global closes $75.04-million financing
2018-02-28 12:45 ET - News Release
Mr. Barry Fishman reports
ABCANN GLOBAL COMPLETES $70 MILLION BOUGHT DEAL FINANCING AND $4.8 MILLION EXERCISE OF UNDERWRITERSA OVER-ALLOTMENT OPTION
ABcann Global Corp. has closed its bought deal financing, as previously announced on Jan. 29, 2018, of: (i) 11.5 million units of the company at a price of $3.50 per unit for aggregate gross proceeds of $40.25-million; and (ii) 30,000 6.0 per cent unsecured convertible debentures of the company at a price of $1,000 per convertible debenture for aggregate gross proceeds of $30-million. The offering was conducted by a syndicate of underwriters led by Canaccord Genuity Corp. and Eight Capital, and including GMP Securities LP and PI Financial Corp. In addition, the offering included 862,500 warrants (defined below) and 4,500 convertible debentures sold pursuant to the exercise of the underwriters' overallotment option, for additional aggregate gross proceeds of $4,793,250.