RE:RE:F.T. shares and warrants July 8, 2020 — (Vancouver, BC) good natured Products Inc. (the “Company” or “good natured®”) (TSX-V: GDNP) today announced a private placement of up to 25,000,000 units (the “Units”) at a price of $0.14 per Unit (the “Issue Price”) for gross proceeds of up to $3,500,000 (the “Offering”). Each Unit will be comprised of one common share of the Company (a “Common Share”) and one half (1/2) of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of $0.21 per Common Share (the “Exercise Price”) for a period of 12 months from the closing of the Offering.
The Company has entered into an agreement with Integral Wealth Securities Limited (“Integral”) and Canaccord Genuity Corp. (“Canaccord”) to act as co-lead agents (together, the “Agents”) on a best efforts basis in connection with the Offering. The closing of the Offering is expected to occur on or about August 30, 2020 (the “Closing Date”). Closing is subject to a number of prescribed conditions, including, without limitation, approval of the TSX Venture Exchange.
The Units will be subject to a four-month hold period under applicable securities laws in Canada.