GREY:FUNFF - Post by User
Post by
Doozeron Jul 31, 2020 3:43pm
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Post# 31351721
Askott Completes C$5 million financing
Askott Completes C$5 million financing12.5 million subscription receipts priced at C$0.40 for aggregate gross proceeds of C$5,009,846
'Each subscription receipt is exchangeable into one unit of Askott consisting of one share and a half-warrant of the gaming company, with each warrant exercisable at C$0.55 per share for a two-year period and subject to acceleration if the volume weighted average trading price of FansUnite shares exceeds C$0.80 over ten consecutive trading days....Proceeds will go towards general corporate purposes and working capital'
Excerpts above taken from:
https://ca.proactiveinvestors.com/companies/news/925625/fansunite-entertainment-acquisition-target-askott-entertainment-completes-c5-million-financing-925625.html