Business
BeWhere Holdings Inc. Announces Filing of a Preliminary Short Form Prospectus
Not for Distribution to United States Newswire Services or for Dissemination in the United S...
About this update from Bewhere Holdings, Inc.
[{"type":"text","content":"BeWhere Holdings Inc. Announces Filing of a Preliminary Short Form ProspectusNot for Distribution to United States Newswire Services or for Dissemination in the United StatesTORONTO, ON / ACCESSWIRE / November 13, 2018 / BeWhere Holdings Inc. (TSXV: BEW) (the \"Corporation\") is pleased to announce that it has filed, and obtained a receipt for, a preliminary short form prospectus relating to its proposed offering of units of the Corporation (\"Units\") for minimum gross proceeds of $2,500,000 (the \"Minimum Offering\") and maximum gross proceeds of $3,500,000 (the \"Maximum Offering\" and collectively with the Minimum Offering, the \"Offering\") at a price of $0.27 per Unit.Each Unit consists of one common share in the capital of the Corporation (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.50 for a period of 24 months following the closing of the Offering.The Offering will be conducted on a best efforts agency marketed basis by Paradigm Capital Inc. (the \"Lead Agent\") together with Clarus Securities Inc. and Mackie Research Capital Corporation (together with the Lead Agent, the \"Agents\")The Agents will be paid a cash commission equal to 6% of the gross proceeds of the Offering and will receive broker warrants entitling the Agents to purchase a number of Common Shares equal to 6% of the number of the Units sold pursuant to the Offering. In addition, the Corporation has granted the Agents an over-allotment option to sell up to an additional 15% of the Units of the Offering, exercisable at any time up to 30 days following the closing of the Offering, for market stabilization purposes and to cover over-allotments, if any.The net proceeds of the Offering will be used for purchase of inventory, for working capital and, if the Maximum Offering is achieved, for expansion of operations in Europe.The Offering is subject to regulatory approval, including the acceptance of the TSX Venture Exchange.This news release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction...