Business
WILLOW BIOSCIENCES INC. RECEIVES FIRM COMMITMENTS OF $30.0 MILLION UNDER PREVIOUSLY ANNOUNCED RECAPITALIZATION FINANCING
WILLOW BIOSCIENCES INC. RECEIVES FIRM COMMITMENTS OF $30.0 MILLION UNDER PREVIOUSLY ANNOUNCED REC...
About this update from Atlas Energy Corp.
[{"type":"text","content":"\n\n\n\n WILLOW BIOSCIENCES INC. RECEIVES FIRM COMMITMENTS OF $30.0 MILLION UNDER PREVIOUSLY ANNOUNCED RECAPITALIZATION FINANCING\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. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n . ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./\n \n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n May 8, 2025\n \n\n /CNW/ -\n \n Willow Biosciences Inc.\n \n (the \"\n \n Company\n \n \") (TSX: WLLW) (OTCQB: CANSF) is pleased to announce that it has received firm commitments to purchase an aggregate of\n \n $30.0 million\n \n of equity securities pursuant to the previously announced non-brokered private placement (the \"\n \n Private Placement\n \n \"), with demand significantly exceeding that amount.\n \n\n The completion of the Private Placement for proceeds of\n \n $30.0 million\n \n is expected to occur on or about\n \n June 19, 2025\n \n , subject to certain closing conditions, including the approval of the TSX Venture Exchange (the \"\n \n TSXV\n \n \") pursuant to the TSXV Sandbox program and the completion of a consolidation of the common shares of the Company (the \"\n \n Common Shares\n \n \") on the basis of one post-consolidation Common Share for every five pre-consolidation Common Shares (the \"\n \n Consolidation\n \n \").\n \n\n The Company also announces that a special meeting of its shareholders will be held on\n \n June 16, 2025\n \n (the \"\n \n Meeting\n \n \") to consider for approval, among other things, a resolution approving the Consolidation. Additional information concerning the Meeting will be disclosed in the management information circular which will be filed with Canadian securities regulators and will be available on the SEDAR+ profile of the Company at\n \n www.sedarplus.ca\n \n .\n \n\n Following listing on the TSXV pursuant to the TSXV Sandbox program, the recapitalized Company will be an international upstream royalty and streaming company focused o...