Sunniva Inc SNNVF

Bridge Financing

[justinpaul]

For Those who need clarification to this Bridge Financing:
Which is bullish IMO because they are hardly diluting and openly said they are looking to sell the Canadian assets in the next 6 months.
The $4,300,000 which is 4,300,000 units is repaid/ the original amount is returned to the unit holder bearing 10% interest per year, and it will be returned in 6 months or AFTER the sale of Canadian assets! whichever is sooner. The warrants are like a bonus since its a short term bridge loan but you have to pay that exercise price. so its only worth something if the share price is over 5.27. otherwise you can buy it cheaper on the open market. This is a PREMIUM to the current share price. the term is 6 months or less and interest is 10% per year, giving it 5% interest max
UNITS is just a way of tracking how many dollars you loaned them and how many warrants you receive.
For example: you could buy 44,000 units so you loan them $44,000 and then you would be paid back within 6 months a max of $46,200, but get to keep 8346 warrants to purchase shares at $5.27 for up to 24 months

Article

[Druckenmiller]

sale of CAD assets I like over spinout.

[Bluechip2]

good explanation Justin. Obviously then by definition Sunniva has an existing agreement to sell some of or all of the Canadian assets.As well, I am now in favour of this version of unlocking share holder value as the spinout and subsequent uplisting of Canadian assets would likely have generated little if any near term value with the Canadian markets in a state of decline with minimal near term