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AEP Announces Non-Brokered Private Placement Financing
AEP Announces Non-Brokered Private Placement Financing Canada NewsWire NANAIMO, ...
About this update from Atlas Engineered Products Ltd.
[{"type":"text","content":"\n\n\n\nAEP Announces Non-Brokered Private Placement Financing\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\nNANAIMO, BC, Dec. 16, 2019\n\n\n\nNANAIMO, BC, Dec. 16, 2019 /CNW/ - Atlas Engineered Products (\"AEP\" or the \"Company\") (TSX-V: AEP; OTC Markets: APEUF) is pleased to announce  a proposed non-brokered private placement offering (\"the Offering\") for gross proceeds of up to $4,250,000.\nThe Offering will consist of up to 10,625,000 units (each a \"Unit\") at a price of $0.40 per Share.  Each Unit will consist of one (1) common share of AEP plus one (1) non-transferrable common share purchase warrant (each a \"Warrant\"). Each whole Warrant will entitle the holder to purchase one additional common share at a price of $0.60 per share for a period of two years from the date of issuance. \nThe net proceeds of the Offering will be used for potential acquisition targets identified by the Company, general working capital, and capital equipment upgrades.  \nSubject to the approval of the TSX Venture Exchange, insiders of AEP will participate in the Offering, and AEP may pay finder's fees of up to 7% in cash or shares and 7% from warrants on the gross proceeds of the Offering to eligible persons.  Closing of the Offering is subject to the approval of the TSX Venture Exchange.  All securities issued under the offering will be subject to hold periods expiring four months and one day after the date of issuance.  Additional restrictions may apply to securities issued to United States purchasers.\nThis news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will there be any sale of any of the securities offered in any jurisdiction where such offer, solicitation or sale would be unlawful, including the United States of America. The securities being offered as part of the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any state securities laws, and accordingly may not be offered or sold in...