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Exelerate Capital Corp. Announces Non-Brokered Private Placement
Exelerate Capital Corp. Announces Non-Brokered Private Placement Canada NewsWire ...
About this update from Exelerate Capital Corp.
[{"type":"text","content":"\n\n\n\nExelerate Capital Corp. Announces Non-Brokered Private Placement\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, June 7, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\nTSX VENTURE EXCHANGE: XCAP.P\n VANCOUVER, June 7, 2019 /CNW/ - Exelerate Capital Corp. (\"Exelerate\" or the \"Company\") (TSX Venture: XCAP.P) is pleased to announce that it intends to raise gross proceeds of up to $450,000 through a non-brokered equity private placement (the \"Offering\") of up to 4,500,000 common shares (the \"Common Shares\") of Exelerate at a price of $0.10 per Common Share, as previously set out in the Company's final prospectus regarding its initial public offering (\"IPO\") as a capital pool company, filed on SEDAR on April 12, 2019.\nThe Company intends to use the proceeds of the Offering to identify and evaluate assets or businesses with a view to completing a Qualifying Transaction (as defined in the TSXV Corporate Finance Policy 2.4 - Capital Pool Companies).\nThe Offering is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange.\nThe Company intends to close the Offering concurrently with the completion of its IPO. \nNot for distribution to United States newswire services or for dissemination in the United States.  These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States unless an exemption from registration is available.  This press release does not constitute an offer to sell or the solicitation of any offer to buy these securities in the United States. \nInvestors are cautioned that trading in the securities of a CPC should be considered highly speculative. \nExelerate is a CPC governed by the policies of the Exchange.  Exelerate's principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction....