Sean Dollanger new company raising 10 million @ 1.05. /NOT FOR DISTRIBUTION TO UNITED STATESNEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, BC, March 11, 2021 /CNW/ - PlantX Life Inc. (the "Company" or "PlantX") (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) is pleased to announce that further to the Company's press releases dated February 16, 2021 and February 17, 2021, it has filed a final short form prospectus (the "Final Prospectus") with securities regulators in British Columbia, Ontario and Alberta (the "Offering Jurisdictions"), relating to the Company's marketed public offering of units (the "Units") at a price of $1.05 per Unit (the "Offering Price") for minimum gross proceeds of $10 million and maximum gross proceeds of $20 million (the "Offering"). The Company has also entered into an Agency Agreement with Mackie Research Capital Corporation (the "Agent"), as the lead agent and sole bookrunner for the Offering, pursuant to which the Agent will offer the Units for sale on a "best efforts" agency basis in the Offering Jurisdictions. The Company has also granted the Agent an option, exercisable at the Offering Price, for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Units issued to cover over-allotments, if any (the "Over-Allotment Option"). The Over-Allotment Option is exercisable to acquire additional Units, Common Shares and/or Warrants (or any combination thereof) at the discretion of the Agent.
Meni can't get Namaste share price over .35 cents were he raised 23 million.