(EarthRenew stock chart – Dec 2019 to June 2020.)
EarthRenew Inc. (CSE: ERTH) has been making some exciting moves recently and investors have taken notice with its share price climbing higher this year, while a lot of other stocks have struggled awaiting the revival of the global economy. Many traders who want to get in on this venture may feel like the ship has sailed … but fear not, ERTH wants to take its distinct operation - transforming livestock waste into high-performance organic fertilizer - to the next level with a best efforts partially brokered private placement.
The Company stated that it intends to complete financing of up to 16,666,667 units at $0.30 per unit for gross proceeds of up
to $5 million. Each unit consists of one common share of the Company and one-half of one Common Share purchase warrant.
Read the full terms of the deal
here.
The net proceeds of this offering is intended to go toward engineering, construction and operational ramp-up costs for the redevelopment of its flagship 25,000 head cattle feedlot facility in Strathmore, Alberta.
The Company also wants to use this financing toward:
- Capital equipment purchases
- Feasibility studies on future projects
- Field and research trials
- Market development activities
The Offering is expected to close on or about Tuesday June 30th, 2020.
Much of what EarthRenew is earmarking this financing for is already in motion, such as the spring field trial programs in collaboration with
Olds College and Lethbridge College in Alberta and its work with cleantech business
CCm Technologies Ltd., testing its carbon capture utilisation technology with the its own heat-treated manure as a base. Together, ERTH and CCm were selected by the UK and Canadian governments to submit an international consortium project proposal.
ERTH’s business is all about transforming livestock waste into high-grade organic fertilizer that is used by both traditional and organic growers across Canada and the US as part of a global industry that is worth around $120 billion (CAD).
To participate in the EarthRenew Inc. Deal Room offering,
click here.
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FULL DISCLOSURE: EarthRenew Inc. is a paid client of Stockhouse Publishing. Stockhouse Publishing Ltd. (Stockhouse) is not registered as a broker, dealer, exempt market dealer, or any other registrant in any securities regulatory jurisdiction and will not be performing any registerable activity as defined by the applicable regulatory bodies. This deal room is for informational purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees, and expenses. The information contained in this deal room is selective and does not purport to contain all the information relating to EarthRenew Inc. In all cases, parties should conduct their own investigation and due diligence, not rely solely on the data provided herein and are encouraged to consult with a financial adviser, lawyer, accountant, and any other professional that can help to understand and assess the risks associated with any investment opportunity.