Business
Westleaf Inc. Announces Repricing of Bought Deal Financing
Westleaf Inc. Announces Repricing of Bought Deal Financing Canada NewsWire CALGA...
About this update from Decibel Cannabis Company Inc
[{"type":"text","content":"\n\n\n\nWestleaf Inc. Announces Repricing of Bought Deal 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\nCALGARY, April 30, 2019\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 CALGARY, April 30, 2019 /CNW/ - Westleaf Inc. (the \"Company\" or \"Westleaf\") (TSX-V:WL)(OTCQB:WSLFF) announces that it has agreed to amend the terms of its previously announced bought deal financing (the \"Offering\") of convertible debenture units of the Company (the \"Units\") to lower the conversion price at which the convertible debentures of the Company (\"Convertible Debentures\") are convertible into common shares of the Company (the \"Debenture Shares\") from $2.13 per Debenture Share to $1.30 per Debenture Share. The number of warrants per Unit has been revised from 235 common share purchase warrants of the Company (each, a \"Warrant\") to 385 Warrants. In addition, the Company has agreed to lower the exercise price at which the Warrants will be exercisable to acquire common shares of the Company (a \"Warrant Share\") from $2.75 per Warrant Share to $1.65 per Warrant Share. \n\n \n \n\n \nThe Company has granted Canaccord Genuity Corp. and GMP Securities L.P. (the \"Underwriters\")  an over-allotment option to purchase up to additional Units, Convertible Debentures and/or Warrants (or any combination thereof, at the discretion of the Underwriters) equal to 15% of the Units sold under the Offering, at a price of C$1,000 per Unit, $932 per Convertible Debenture and/or $0.18 per Warrant, as applicable, exercisable in whole or in part at any time, for a period of 30 days after and including the closing date of the Offering (the \"Closing Date\").\nIf the holder elects to convert the Convertible Debentures after a period that is eighteen months and one day following the Closing Date, then the holder will also receive the Effective Interest (as defined below), payable in: (i) common shares of the Company (\"Common Share...