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Adcore Announces Pricing and Terms of Marketed Offering of Equity Units
Adcore Announces Pricing and Terms of Marketed Offering of Equity Units Canada ...
About this update from Adcore Inc
[{"type":"text","content":"\n \n \n \n Adcore Announces Pricing and Terms of Marketed Offering of Equity Units\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 11, 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 Advertising\n \n \"), is pleased to announce that it has priced its previously announced marketed offering (the \"\n \n Offering\n \n \") of units (the \"\n \n Units\n \n \") of the Company.\n \n \n Pursuant to the Offering, the Company intends to issue 3,100,000 Units at a price of\n \n C$1.33\n \n per Unit for gross proceeds of\n \n C$4,123,000\n \n .  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 \").  Each Warrant will be exercisable into one Common Share for a period of 24 months from the closing of the Offering at an exercise price of\n \n C$1.80\n \n , subject to adjustment in certain events.\n \n \n The Units will be offered in each of the provinces and territories of\n \n Canada\n \n , other than Québec pursuant to a prospectus supplement to the Company's short form base shelf prospectus dated\n \n May 10, 2021\n \n (collectively, the \"\n \n Prospectus\n \n \").\n \n \n The Offering is being conducted through a syndicate of underwriters led by Canaccord Genuity Corp. and including Echelon Wealth Partners Inc., Roth Canada, ULC and Haywood Securities Inc. (collectively, the \"Underwriters\").\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 has granted the Underwriters an option (the \"\n \n Ov...