GREY:FLOOF - Post by User
Post by
NevadaBudKingon Feb 23, 2019 2:06pm
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Post# 29404328
$2.30 is only 15% increase on the $57 Million financing @ $2
$2.30 is only 15% increase on the $57 Million financing @ $2 Sept 24/2018
Private Placement Financing
Prior to the completion of the Transaction, CNX completed private placement offerings of common shares and subscription receipts for aggregate gross proceeds of C$57.4 million (collectively, the “Offering”), which included a private placement of Class A common shares (the “Common Shares”) and subscription receipts (the “Subscription Receipts”) at an issue price of C$2.00 or US$1.50 per Common Share and US$1.50 per Subscription Receipt. The proceeds from the Subscription Receipts, less certain expenses, were placed into escrow on completion of the Subscription Receipt offering. Upon closing of the Transaction, each Subscription Receipt was converted on a one-on-one basis into a total of 6,550,867 Common Shares.
From :
https://flowerone.com/feed-posts/cnx-holdings-inc-completes-c57-4m-private-placement-financing-and-reverse-takeover-of-theia-resources-ltd/
Please note that no Warrants were issued with financing
Way more upside than 15%
Wait till HR 420 or S 420 come up for a vote.
Good luck longs! In 6 months you'll wish you bought more. Imho