GREY:BZAMF - Post by User
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stinckyfingerson Feb 11, 2020 11:45am
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Post# 30674306
RE:RE:TGODs Organic products will do great compared to other LPs
RE:RE:TGODs Organic products will do great compared to other LPs TORONTO, Dec. 19, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX:TGOD) (US:TGODF) is pleased to announce that it has closed its previously announced short form prospectus offering, on a bought deal basis, including the full exercise of the underwriter's over-allotment option. A total of 36,800,000 units of the Company (the "Units") at a price per Unit of $0.75 were issued for aggregate gross proceeds of $27.6 million (the "Offering"). The Offering was conducted by Canaccord Genuity Corp.
Each Unit is comprised of one common share (each a "Common Share") and one-half of one common share purchase warrant of the Company (each whole such warrant, a "Warrant"). Each Warrant entitles the holder to acquire one common share of the Company for a period of 36 months from closing of the transaction at an exercise price of $1.00 per Warrant.
TGOD will use the proceeds of the Offering to complete construction of its processing facility at Ancaster and for general corporate purposes.