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SRG Graphite Inc. Announces Marketed Unit Offering and Concurrent Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES MONTREAL, Quebec, May 01, 2018 (GLOBE NEWSWIRE) -- SRG Graphite Inc. (T
About this update from Falcon Energy Materials Plc
[{"type":"text","content":" NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES MONTREAL, Quebec, May 01, 2018 (GLOBE NEWSWIRE) -- SRG Graphite Inc. (TSXV:SRG) (“SRG” or the “Company”) is pleased to announce that it has filed a preliminary short form prospectus (the “Preliminary Prospectus”) in connection with an overnight marketed public offering (the \"Offering\") of units (\"Units\"), with each Unit comprised of one common share (each a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one additional Common Share (each a \"Warrant Share\"). The pricing, number of Units to be distributed and the exercise price and term for each Warrant will be determined in the course of marketing with final terms to be agreed upon at the time of the entering into of the underwriting agreement. It is anticipated that the price of the Units will be $1.50 and the exercise price of the Unit Warrant Shares will be $2.30. The Preliminary Prospectus was filed in each of the provinces of Canada and the Offering is being conducted by a syndicate of underwriters, co-led by National Bank Financial Inc. and TD Securities Inc. (the “Underwriters”). The Company will also grant the Underwriters an over-allotment option to purchase up to a number of additional Units equal to 15% of the Units sold pursuant to the Offering, exercisable in whole or in part at any time up to 30 days after and including the closing date of the Offering, which may be exercised for Units, Warrants or a combination thereof (the “Over-Allotment Option”). In addition, the Company intends to complete a concurrent non-brokered private placement with Coris Capital SA (“Coris”). Coris has a pre-emptive right to maintain its pro rata ownership of the Company in connection with the Offering and has confirmed its intention to the Company to exercise such right by way of a non-brokered private placement of units (the \"Concurrent Private Placement\"). The units issuable pursuant to the Concurrent Private Placement will be on the same terms and conditions as those issuable pursuant to the Offering. The units issuable pursuant to the Concurrent Private Placement will be subject to a statutory four month hold period in accordance with applicable securities laws. The closing of the Offering will be cond...