Business
Adcore Announces Marketed Public Offering
Adcore Announces Marketed Public Offering Canada NewsWire /NOT FOR DI...
About this update from Adcore Inc
[{"type":"text","content":"\n \n \n \n Adcore Announces Marketed Public Offering\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n ,\n \n June 9, 2021\n \n /CNW/ - Adcore Inc. (\"\n \n Adcore\n \n \" or the \"\n \n Company\n \n \") (TSX: ADCO) (FSE: ADQ) a leading e-commerce advertising management and automation platform to leverage digital marketing in an effortless and accessible way (\"\n \n Effortless\n \n \n Advertising\"\n \n ), is pleased to announce that it is commencing a marketed offering (the \"\n \n Offering\n \n \") of units (the \"\n \n Units\n \n \") of the Company. Each Unit will consist of one common share of the Company (a \"\n \n Common Share\n \n \") and one-half of one common share purchase warrant (each whole purchase warrant, a \"\n \n Warrant\n \n \").\n \n \n In connection with the Offering, the Company has filed a preliminary supplement (the \"\n \n Preliminary Supplement\n \n \") to its short form base shelf prospectus dated\n \n May 10, 2021\n \n (the \"\n \n Base Shelf Prospectus\n \n \") with the securities commissions or similar regulatory authorities in each of the provinces and territories of\n \n Canada\n \n , other than Québec.\n \n \n The total size of the Offering as well as certain other terms of the Units and the Warrants (including the term and the exercise price of each Warrant) will be determined in the context of the market at the time of pricing. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The closing of the Offering will be subject to market and other customary conditions, including requirements of the Toronto Stock Exchange.\n \n \n Canaccord Genuity Corp. is acting as lead underwriter for the Offering.\n \n \n The net proceeds from the Offering will be used for sales and marketing, research and development and general corporate purposes.\n \n \n The Company al...