OTCQB:EMHTF - Post by User
Post by
cannhealthon Oct 12, 2018 2:38pm
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Post# 28790322
Our Partner in Pure SunFarms VFF up nicely today..
Our Partner in Pure SunFarms VFF up nicely today..
based on the recent bought deal financing. Important to EMH clause in bold. Village Farms International Completes $22 Million Bought Deal Public Offering of Common Shares 10/12/2018 8:50:00 AM VANCOUVER, Oct. 12, 2018 /CNW/ - Village Farms International, Inc. ("Village Farms" or the "Company")(TSX: VFF) (OTCQX: VFFIF) announced today that it has completed its previously announced bought deal offering of 3,097,200 common shares (the "Offered Shares") in the capital of the Company at a price of $7.13 per Offered Share (the "Issue Price") for aggregate gross proceeds to the Company of $22,083,036 (the "Offering"). The Offering was conducted by a syndicate of underwriters led by Beacon Securities Limited, and including GMP Securities L.P. (collectively, the "Underwriters"). The Offering included 287,200 Offered Shares issued pursuant to a partial exercise of the Underwriters' over-allotment option. The Company intends to use the net proceeds of the Offering for working capital purposes, which may include funding certain future capital needs of Pure Sunfarms Corp.<\b> as well as other growth opportunities that may arise in respect of the Company's business over time. Further details can be found in the Company's short form prospectus dated October 4, 2018, which is available on SEDAR at www.sedar.com.\b>