Business
Black Birch Capital Acquisition III Corp. announces engagement of agent in respect of financing concurrent with qualifying transaction
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DI...
About this update from Avant Brands Inc
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE\n PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN\n WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\n\n\nTORONTO, Dec. 19, 2013 /CNW/ - Black Birch Capital Acquisition III Corp.\n (TSXV: BBC.P) (\"Black Birch\" or the \"Company\") is pleased to announce that it and Daymak Inc. (\"Daymak\") have engaged a syndicate of agents led by Richardson GMP Limited, and\n including Jacob Securities Inc. (the \"Agents\"), to act as agents in relation to a financing (the \"QT Financing\") to be conducted concurrent with Black Birch's proposed qualifying\n transaction with Daymak (the \"Qualifying Transaction\").\n\n\nThe QT Financing will be conducted on a best efforts basis by means of a\n prospectus offering for a minimum of 7,500,000 units of Black Birch\n (each a \"Unit\") and a maximum of 12,500,000 Units at an anticipated price of $0.40\n per Unit for minimum aggregate gross proceeds of $3,000,000 and maximum\n aggregate gross proceeds of $5,000,000. Each Unit will consist of one\n common share of Black Birch (each a \"Common Share\") and one half of one Common Share purchase warrant. Each whole warrant\n will be exercisable for one Common Share for a period of 24 months from\n the closing of the QT Financing at an exercise price of $0.50 per\n Common Share.\n\n\nThe QT Financing is a condition precedent to the completion of the\n Qualifying Transaction and is expected to be completed immediately\n prior to the completion of the Qualifying Transaction.\n\n\nFor further details regarding the Qualifying Transaction please refer to\n the Company's press release dated August 8, 2013, a copy of which is\n available on the Company's SEDAR profile at www.sedar.com.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\n\n\nThis press release contains forward-looking statements based on\n assumptions, uncertainties and management's best estimates of future\n events. Actual results may differ materially from those currently\n anticipated. Investors are cautioned that such forward-looking\n statements involve risks and uncertainties. Important factors that\n could cause actual results to d...