Baylin Technologies Announces Filing of Prospectus Supplement

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[{"type":"text","content":"\n\n\n\nBaylin Technologies Announces Filing of Prospectus Supplement\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\nTORONTO, July 3, 2018\n\n\n\n/NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA./\n\n\n\nTORONTO, July 3, 2018 /CNW/ - Baylin Technologies Inc. (TSX: BYL) (the \"Company\" or \"Baylin\") announced today that it has filed a prospectus supplement to a short form base shelf prospectus dated November 16, 2017 (the \"Prospectus Supplement\") in connection with its previously announced bought deal offering of subscription receipts (the \"Subscription Receipts\") and 6.5% extendible convertible unsecured debentures (the \"Debentures\") of the Company (the \"Offering\"). The Prospectus Supplement describes in detail the terms of the Offering and has been filed with securities regulators in each of the provinces and territories of Canada.\n\n\n \n \n\n \nThe Subscription Receipts and Debentures may also be offered in those jurisdictions outside of Canada which are agreed to by the Company and the underwriters, where the Subscription Receipts and Debentures can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements. The Offering is being conducted by a syndicate of underwriters led by Raymond James Ltd. and including Paradigm Capital Inc. and National Bank Financial Inc. \n\nThe Offering is expected to close on or about July 10, 2018 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange. \n\nIt is anticipated that certain directors and officers of the Company will purchase up to 3,304,094 Subscription Receipts and $7,558,000 principal amount of Debentures pursuant to the Offering. By virtue of the participation of such insiders, the Offering would constitute a \"related party transaction\...

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