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Burcon NutraScience Corporation Announces C$10 Million Bought Deal
Burcon NutraScience Corporation Announces C$10 Million Bought Deal Canada NewsWire...
About this update from Burcon Nutrascience Corporation
[{"type":"text","content":"\n\n\n\nBurcon NutraScience Corporation Announces C$10 Million Bought Deal\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\nVANCOUVER, Jan. 28, 2020\n\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n VANCOUVER, Jan. 28, 2020 /CNW/ - Burcon NutraScience Corporation (the \"Company\" or \"Burcon\") (TSX:BU) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by Canaccord Genuity Corp. and Beacon Securities Limited (the \"Underwriters\") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 6,452,000 units (the \"Units\") at a price of C$1.55 per Unit (the \"Offering Price\") for aggregate gross proceeds to the Company of C$10,000,000 (the \"Offering\").\nEach Unit will consist of one common share of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a \"Warrant\"). Each Warrant will be exercisable to acquire one Common Share (a \"Warrant Share\") for a period of 24 months following the closing of the Offering (the \"Closing\") at an exercise price of C$2.00 per Warrant Share.\nThe Company has granted the Underwriter an option (the \"Over-Allotment Option\"), to purchase up to an additional 967,800 Units at a price of C$1.55 per Unit, exercisable at any time, for a period of 30 days after and including the Closing Date. The Over-Allotment Option is exercisable to acquire Units, Common Shares and/or Warrants (or any combination thereof) at the discretion of the Underwriter.\nThe Company intends to use the net proceeds of the Offering for expansion initiatives and general corporate purposes.\nThe Units will be offered by way of a short form prospectus to be filed in all provinces of Canada except Prince Edward Island, Newfoundland and Labrador and Quebec. The Offering is expected to close on February 19, 2020 and...