iAnthus Capital (
CSE: IAN,
OTCQB: ITHUF,
Forum)holdings announced today that has revised its previous financing agreement. The Company has increased the size of the previous bought deal financing up to an offering of 9,525,000 Units at a price of $2.10 per Unit. The gross proceeds for the financing will now increase to $20,002,500.
The Units will still be comprised of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable for one common share. The warrants will be subject to a 30-day forced exercise provision if the Company’s daily volume weighted average share price is greater than $4.00 for 15 consecutive trading days.
The Units will be offered via a short form prospectus, in all provinces except Quebec. Further information on the financing can be found
here.
iAnthus Capital was recently in the news when it announced the
appointment of Julius Kalcevich as new Chief Financial Officer.
The Company has 5.6 million shares outstanding and a market cap of $13.9 million.
FULL DISCLOSURE: iAnthus Capital Holdings is a paid client of Stockhouse Publishing.