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ESE Entertainment Announces Upsize to Previously Announced Private Placement
ESE Entertainment Announces Upsize to Previously Announced Private Placement ...
About this update from Ese Entertainment Inc
[{"type":"text","content":"\n \n \n \n ESE Entertainment Announces Upsize to Previously Announced Private Placement\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n VANCOUVER, BC,\n \n Dec. 14, 2020\n \n /CNW/ -\n \n ESE Entertainment Inc.\n \n (TSXV: ESE) (OTC PINK: ENTEF) (the \"\n \n Company\n \n \" or \"\n \n ESE\n \n \"), is pleased to announce that it has upsized its non-brokered private placement previously announced this morning (the \"\n \n Private Placement\n \n \"), in response to demand from the market. The Company will now be issuing up to 2,954,545 units (each, a \"\n \n Unit\n \n \") of the Company at a price of\n \n $1.10\n \n per Unit, for aggregate gross proceeds of up to\n \n $3,250,000\n \n . Each Unit will be composed of one common share (an \"\n \n ESE Share\n \n \") and one-half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"), each Warrant to be exercisable for two years at\n \n $1.50\n \n per ESE Share.\n \n \n \n Konrad Wasiela\n \n , CEO and director of the Company, stated:\n \n \"We are very pleased to have already received such high levels of investor support for our Private Placement, and we look forward to using the proceeds towards our acquisitions program, among other things.\"\n \n \n \n The Company intends to use the net proceeds from the Private Placement to fund acquisitions and for general working capital purposes. Finder's fees may be paid in accordance with applicable rules of the TSX Venture Exchange (the \"\n \n TSXV\n \n \") and securities regulations.\n \n \n Closing of the Private Placement is subject to certain closing conditions including, but not limited to, conditional approval from the TSXV and receipt of any other required regulatory approvals. The securities being offered under the Private Placement will be issued pursuant to applicable exemptions from the prospectus requirements under applicable securities laws and will be sub...