NetworkNewsBreaks – HTC Extraction Systems (TSX.
Post# of 44
(Total Views: 151)
Posted On: 10/23/2019 5:21:42 PM
NetworkNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Closes Bought Deal Private Placement
HTC Extraction Systems (TSX.V: HTC) today announced the closing of its previously announced private placement financing of 25,000,000 units of the company, each at a price of $0.40. The offering resulted in gross proceeds of $10 million to the company, from which it intends to use net proceeds for the purchase of extraction, purification and refining equipment and general working capital purposes. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “warrant”). Each warrant will be exercisable to acquire one common share (a “warrant share”) at an exercise price of $0.70 per warrant share for a period of 36 months from the closing of the offering, subject to acceleration provisions.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
HTC Extraction Systems (TSX.V: HTC) today announced the closing of its previously announced private placement financing of 25,000,000 units of the company, each at a price of $0.40. The offering resulted in gross proceeds of $10 million to the company, from which it intends to use net proceeds for the purchase of extraction, purification and refining equipment and general working capital purposes. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “warrant”). Each warrant will be exercisable to acquire one common share (a “warrant share”) at an exercise price of $0.70 per warrant share for a period of 36 months from the closing of the offering, subject to acceleration provisions.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
(0)
(0)Htc Purenergy Inc (HTPRF) Stock Research Links
Scroll down for more posts ▼