Nice $20 Million for Auxly closed with Overallotment!!! :) Auxly Announces Closing of $20 Million Bought-Deal Public Offering, Including Full Exercise of the Over-Allotment Option
Monday, February 8, 2021, 10:29 AM ET
Auxly Announces Closing of $20 Million Bought-Deal Public Offering, Including Full Exercise of the Over-Allotment Option
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TORONTO, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Auxly Cannabis Group Inc. ("Auxly" or the "Company") (TSXV: XLY) (OTCQX: CBWTF) is pleased to announce the closing of its bought deal short form prospectus offering pursuant to which the Company issued 54,395,000 units of the Company (the "Units") at a price of $0.37 per Unit for gross proceeds to the Company of $20,126,150 (the "Offering"), including the full exercise of the over-allotment option.
The Offering was co-led by ATB Capital Markets Inc. and Cantor Fitzgerald Canada Corporation as co-lead underwriters and joint bookrunners.
Each Unit is comprised of one common share of the Company (each a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.46 at any time up to 36 months from closing of the Offering.