NetworkNewsBreaks – Eat Well Investment Group In
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Posted On: 04/26/2022 6:00:34 PM
NetworkNewsBreaks – Eat Well Investment Group Inc.’s (CSE: EWG) (OTC: EWGFF) Announces Update on Deemed Exercise of Special Warrants
Eat Well Group (CSE: EWG) (OTC: EWGFF), a publicly traded investment company, has announced that company special warrants that were issued in December 2021 were deemed to be exercised on April 25, 2022. The special warrants were issued in connection with Eat Well Group’s private placement of special warrants. They were exercised into an aggregate of 10,403,999 units, comprised of 10,403,999 common shares in the capital of the company and 5,201,999 common share purchase warrants. According to the announcement, more than 9 million special warrants automatically converted into 1.122 units per each special warrant for a total of 10,403,999 units; the transaction was in accordance with the terms of a special warrant indenture between EWGFF and Computershare Trust Company of Canada. The company noted that each unit consists of one common share and one-half of one warrant. The company also reported that it had received approval from the Canadian Securities Exchange (“CSE”) to list the warrants on the exchange; it is anticipated that those warrants will commence trading under the ticker symbol EWG.WT today. The company also issued a notice of withdrawal to the British Columbia Securities Commission, withdrawing the preliminary short form prospectus dated February 24, 2022.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Eat Well Group (CSE: EWG) (OTC: EWGFF), a publicly traded investment company, has announced that company special warrants that were issued in December 2021 were deemed to be exercised on April 25, 2022. The special warrants were issued in connection with Eat Well Group’s private placement of special warrants. They were exercised into an aggregate of 10,403,999 units, comprised of 10,403,999 common shares in the capital of the company and 5,201,999 common share purchase warrants. According to the announcement, more than 9 million special warrants automatically converted into 1.122 units per each special warrant for a total of 10,403,999 units; the transaction was in accordance with the terms of a special warrant indenture between EWGFF and Computershare Trust Company of Canada. The company noted that each unit consists of one common share and one-half of one warrant. The company also reported that it had received approval from the Canadian Securities Exchange (“CSE”) to list the warrants on the exchange; it is anticipated that those warrants will commence trading under the ticker symbol EWG.WT today. The company also issued a notice of withdrawal to the British Columbia Securities Commission, withdrawing the preliminary short form prospectus dated February 24, 2022.
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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