RE:News: LPV & CPC - Terms of the Financing Imo, a successful issuance of the LPV Subscription Receipts (SR) = Investors believe in the future of LCE = A boost to LGO sp. Hoping that they will also sell the 1.5M SR of the Over-Allotment to show the level of enthusiasm from investors.
Question: When will the "Closing Date" be announced?
“Pursuant to the Financing, LPV is proposing to issue a minimum of 2,500,000 LPV Subscription Receipts and up to a maximum of 10,000,000 LPV Subscription Receipts, subject to increase if the Over-Allotment Option (as defined below) is exercised, at a price of $2.00 per LPV Subscription Receipt (the "Issue Price") for minimum aggregate gross proceeds of $5,000,000 and maximum aggregate gross proceeds of $20,000,000.
LPV has granted the Agents an option (the "Over-Allotment Option") to sell up to an additional 1,500,000 LPV Subscription Receipts at the Issue Price for additional aggregate gross proceeds of up to $3,000,000, on the same terms and conditions as the Financing. The Over-Allotment Option shall be exercisable, in whole or in part, up to 48 hours prior to closing of the Financing (the date of such closing, referred to herein as the "Closing Date")”