$INTV PRNewswire/ -- Integrated Ventures, Inc. (OT
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Posted On: 03/31/2021 1:24:38 PM
$INTV PRNewswire/ -- Integrated Ventures, Inc. (OTC: INTV) (the "Company"
announced today that it has entered into a securities purchase agreement with certain institutional investors to purchase approximately $9.0 million worth of its common stock and warrants in a registered direct offering.
Under the terms of the securities purchase agreement, the Company has agreed to sell approximately 30.0 million shares of its common stock and warrants to purchase approximately 30.0 million shares of common stock. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $0.30 per share. The warrants will expire 5 years from the date of issuance. The purchase price for one share of common stock and one corresponding warrant will be $0.30. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $9.0 million before deducting the placement agent's fees and other estimated offering expenses.
Kingswood Capital Markets, division of Benchmark Investments, Inc., is acting as exclusive placement agent for the offering.
The offering is expected to close on or about April 1, 2021, subject to the satisfaction of customary closing conditions.
announced today that it has entered into a securities purchase agreement with certain institutional investors to purchase approximately $9.0 million worth of its common stock and warrants in a registered direct offering. Under the terms of the securities purchase agreement, the Company has agreed to sell approximately 30.0 million shares of its common stock and warrants to purchase approximately 30.0 million shares of common stock. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $0.30 per share. The warrants will expire 5 years from the date of issuance. The purchase price for one share of common stock and one corresponding warrant will be $0.30. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $9.0 million before deducting the placement agent's fees and other estimated offering expenses.
Kingswood Capital Markets, division of Benchmark Investments, Inc., is acting as exclusive placement agent for the offering.
The offering is expected to close on or about April 1, 2021, subject to the satisfaction of customary closing conditions.
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