RE:RE:Revenue numbers7.10 shares will become free trading in June from the last tea & bake sale...we will have lots of juicy news to help us longs out...
The offering consisted of 4,581,689 units at a price of C$7.10 per unit for total gross proceeds of approximately C$32,529,992, including 597,611 units sold pursuant to the exercise in full of the over-allotment option.
The offering was led by Raymond James Ltd. and Stifel GMP, as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters consisting of Roth Canada, ULC, Bloom Burton Securities Inc. and Mackie Research Capital Corporation.
Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one Common Share at a price equal to $10.00 until February 23, 2023.
In the event that the volume-weighted average trading price of the common Shares on the TSX Venture Exchange exceeds C$14.00 for ten consecutive trading days, the company may accelerate the expiry date of the warrants after notifying shareholders.