RE:RE:RE:financing at 0.50 Vancouver, B.C, February 18, 2020 – Extreme Vehicle Battery Technologies Corp. (the “Company”) (CSE: ACDC) is pleased to announce its intention to undertake a non-brokered private placement (the “Offering”) for gross proceeds of up to $5,000,000 through the issuance of up to 10,000,000 units (each a “Unit”) at a price of $0.50 per Unit.
Each Unit will consist of one common share (a “Common Share”) of the Company and one common share purchase warrant (a “Warrant”). Each Warrant will be exercisable into one Common Share at an exercise price of $1.00 for a period of three years from the issuance date, subject to acceleration, at the Company’s discretion, in the event that the Common Shares trade at a price on the Canadian Securities Exchange of greater than $1.50 per Common Share for a period of three consecutive trading days.
steve55 wrote: reply to my question please;i can't find the information on their site.