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Else Nutrition Announces an Increase to Previously Announced Bought Deal Public Offering
Else Nutrition Announces an Increase to Previously Announced Bought Deal Public Offering ...
About this update from Else Nutrition Holdings Inc
[{"type":"text","content":"\n\n\n\nElse Nutrition Announces an Increase to Previously Announced Bought Deal Public Offering\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, BC, Sept. 16, 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, BC, Sept. 16, 2020 /CNW/ - Else Nutrition Holdings (TSXV: BABY) (OTCQX: BABYF) (FSE: 0YL) (\"Else\" or the \"Company\"), is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters (the \"Underwriters\") pursuant to which the Underwriters have agreed to increase the size of its previously announced bought deal financing. The Underwriters have agreed to purchase, on a bought deal basis, an aggregate of 8,000,000 units (the \"Units\") of the Company at a price of C$2.25 per Unit (the \"Offering Price\") for aggregate gross proceeds to the Company of C$18 million (the \"Offering\"). \nEach Unit shall consist of one common share (each a \"Common Share\") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a \"Warrant\"). Each Warrant shall be exercisable to acquire one common share of the Company (a \"Warrant Share\") for a period of 24 months from closing of the Offering at an exercise price of C$3.25 per Warrant, subject to adjustment in certain events.\nThe Company has granted the Underwriters an option (the \"Over-Allotment Option\") to purchase up to an additional 1,200,000 Units at the Offering Price, which Over-Allotment Option will be exercisable at any time and from time-to-time, for a period of 30 days following the Closing Date (as defined below), which would result in additional gross proceeds of C$2.7 million. The Over-Allotment Option is exercisable to acquire Units, Common Shares and/or Warrants (or any combination thereof) at the discretion of the Underwriters.\nThe Units will be offered by way of a short form prospectus to be filed in all provinces of ...