RE:Great news released today TORTOLA, British Virgin Islands, July 27, 2020 /CNW/ - Sailfish Royalty Corp. (TSX-V: FISH) (the "Company" or "Sailfish") announces that it will conduct a rights offering to raise gross proceeds of up to C$18,000,000 (the "Rights Offering").
The Company will issue rights (the "Rights") to existing eligible shareholders at the close of business on the record date of August 5, 2020 (the "Record Date").
Shareholders will receive 0.309406057 of a Right for each common share of the Company (each a "Share") held. One whole Right will entitle the holder to subscribe for one Share upon payment of the subscription price of C$1.00 per Share (the "Basic Subscription Privilege"). For example, a holder of 1,000 Shares will be entitled to subscribe for 309 Shares for an aggregate subscription price of C$309.00. All fractional Rights will be rounded down to the nearest whole number of Rights.....................................................