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Willow Biosciences Announces Pricing and Upsize of Previously Announced Public Offering to $10.0 Million
Willow Biosciences Announces Pricing and Upsize of Previously Announced Public Offering t...
About this update from Atlas Energy Corp.
[{"type":"text","content":"\n \n \n \n Willow Biosciences Announces Pricing and Upsize of Previously Announced Public Offering to $10.0 Million\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 VANCOUVER, BC, Oct. 21, 2020\n \n \n \n \n \n /NOT FOR DISTRIBUTION IN\n \n THE UNITED STATES\n \n . ANY FAILURE TO COMPLY WITH THIS\n \n \n RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 21, 2020\n \n /CNW/ - Willow Biosciences Inc. (\"\n \n Willow\n \n \" or the \"\n \n Company\n \n \") (TSX: WLLW) (OTCQX: CANSF) is pleased to announce that, in connection with its previously announced public offering, ATB Capital Markets Inc., as lead agent, together with Canaccord Genuity Corp. and Eight Capital (collectively, the \"\n \n Agents\n \n \"), have agreed to sell 15,384,615 units (\"\n \n Units\n \n \") of the Company at a price of\n \n $0.65\n \n per Unit (the \"\n \n Issue Price\n \n \") for aggregate gross proceeds of approximately\n \n $10\n \n .0 million (the \"\n \n Offering\n \n \"), representing an increase of\n \n $2\n \n .0 million, due to excess demand.\n \n \n Each Unit will consist of one common share in the capital of Willow (a \"\n \n Common Share\n \n \") and one-half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of\n \n $0.85\n \n for a period of 24 months from the closing date of the Offering; provided that if, at any time prior to the expiry date of the Warrants, the volume weighted average trading price of the Common Shares on the Toronto Stock Exchange (the \"\n \n TSX\n \n \"), or other principal exchange on which the Common Shares are listed, is greater than\n \n $1.20\n \n for 20 consecutive trading days, the Company may, within 10 business days of the occurrence of such event, deliver a notice to the holders of Warrants accelerating the expiry date of the Warrants to the date that is 30 days ...