Business
01 Communique Announces Brokered Private Placement
01 Communique Announces Brokered Private Placement Canada NewsWire TORONTO, July...
About this update from 01 Quantum Inc.
[{"type":"text","content":"\n\n\n\n01 Communique Announces Brokered Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 23, 2018\n\n\n\nTORONTO, July 23, 2018 /CNW/ - 01 Communique Laboratory Inc. (ONE:TSX-V) (the \"Company\") today announced it has entered into an engagement with Richardson GMP Limited (\"RGMP\") for a private placement financing for gross proceeds of up to $2,000,000.\n\nIn accordance with the terms of the engagement, the Company will issue up to 20,000,000 Units at a per Unit price of $0.10, each Unit to consist of one common share in the capital of the Company and one-half of one common share purchase warrant, each whole warrant exercisable for the purchase of one common share of the Company at a per share price of $0.15 for a period of 24 months from the date of closing of the private placement.\n\nThe private placement is subject to acceptance by the TSX Venture Exchange. The proceeds raised from the private placement will be used by the Company for commercial development of a post quantum computer blockchain and for general corporate purposes. All securities issued under the private placement will be subject to a hold period of four months and one day from the date of closing in accordance with applicable securities legislation and the policies of the TSX Venture Exchange.\n\nRGMP, with offices in Vancouver, British Columbia, will act as exclusive agent to sell the Units on a commercially reasonable efforts basis.  In consideration for the services of RGMP, RGMP will receive: (i) a cash commission equal to 8% of the gross proceeds raised; (ii) compensation options to acquire that number of Units as is equal to 8% of the total number of Units sold under the offering, exercisable at a per Unit price of $0.10 for a period of 24 months from the date of closing of the offering; (iii) a corporate finance fee of $20,000; and (iv) reimbursement, whether or not the offering closes, for actual and reasonable expenses incurred by RGMP in connection with the offering, including the reasonable fees and disbursements of counse...