Koios Beverage arranges up to $5M financing 201
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Posted On: 05/06/2018 2:52:48 PM
Koios Beverage arranges up to $5M financing
2018-05-03 06:27 PT - News Release
Mr. Chris Miller reports
KOIOS BEVERAGE CORP. ANNOUNCES PRIVATE PLACEMENT UP TO $5-MILLION
Koios Beverage Corp. has arranged a non-brokered private placement financing of common shares of the company at a price of 40 cents per share for gross proceeds of a minimum of $2.5-million and up to a maximum of $5-million.
Completion of the offering is subject to a number of conditions, including, without limitation, receipt of all necessary regulatory approvals. Finders' fees may be paid in connection with the offering.
All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation. The company clarifies that further to its news release dated April 13, 2018, all shares issued in connection with the concurrent financing that closed on April 13, 2018, are not subject to any hold period.
About the company's business
The company, through its wholly owned subsidiary Koios Inc., is an emerging functional beverage company which has an available distribution network of more than 2,000 retail locations across the United States in which to sell its products.
We seek Safe Harbor.
2018-05-03 06:27 PT - News Release
Mr. Chris Miller reports
KOIOS BEVERAGE CORP. ANNOUNCES PRIVATE PLACEMENT UP TO $5-MILLION
Koios Beverage Corp. has arranged a non-brokered private placement financing of common shares of the company at a price of 40 cents per share for gross proceeds of a minimum of $2.5-million and up to a maximum of $5-million.
Completion of the offering is subject to a number of conditions, including, without limitation, receipt of all necessary regulatory approvals. Finders' fees may be paid in connection with the offering.
All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation. The company clarifies that further to its news release dated April 13, 2018, all shares issued in connection with the concurrent financing that closed on April 13, 2018, are not subject to any hold period.
About the company's business
The company, through its wholly owned subsidiary Koios Inc., is an emerging functional beverage company which has an available distribution network of more than 2,000 retail locations across the United States in which to sell its products.
We seek Safe Harbor.
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