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Posted On: 10/05/2018 6:00:15 PM
Post# of 66
NetworkNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Raising Funds through Sale of Units
Sunniva (CSE: SNN) (OTCQX: SNNVF) recently revealed its intention to raise C$20 million through the sale of units of the company to a syndicate of underwriters, detailed in a company press release (http://nnw.fm/q1sZw). The terms of the sale are an amendment of a previously announced agreement to sell 1.9 million units. An article discussing the company’s plan reads, “Sunniva announced that the syndicate will purchase 3.8 million units priced at C$5.27 per unit, an amendment of the previously publicized agreement which said that the syndicate was to buy 1.9 million units. Subject to the approval of the Canadian Securities Exchange, the closing date of the deal will be October 10. The funds realized from the sale will go toward working capital, among other corporate expenses.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Sunniva (CSE: SNN) (OTCQX: SNNVF) recently revealed its intention to raise C$20 million through the sale of units of the company to a syndicate of underwriters, detailed in a company press release (http://nnw.fm/q1sZw). The terms of the sale are an amendment of a previously announced agreement to sell 1.9 million units. An article discussing the company’s plan reads, “Sunniva announced that the syndicate will purchase 3.8 million units priced at C$5.27 per unit, an amendment of the previously publicized agreement which said that the syndicate was to buy 1.9 million units. Subject to the approval of the Canadian Securities Exchange, the closing date of the deal will be October 10. The funds realized from the sale will go toward working capital, among other corporate expenses.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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