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SRG Graphite Inc. Announces Pricing of $8,001,000 Marketed Unit Offering and Concurrent Private Placement of Up to $2,000,000
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES MONTREAL, May 02, 2018 (GLOBE NEWSWIRE) -- SRG Graphite Inc. (TSXV:SRG)
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, May 02, 2018 (GLOBE NEWSWIRE) -- SRG Graphite Inc. (TSXV:SRG) (“SRG” or the “Company”) is pleased to announce that in connection with its marketed public offering (the “Offering”) previously announced on May 1, 2018, it has entered into an underwriting agreement (the \"Underwriting Agreement\") with a syndicate of underwriters, providing for the purchase and sale of 5,334,000 units of the Company (“Units”) at a price of $1.50 per Unit (the \"Offering Price\") for gross proceeds of $8,001,000 (the \"Offering\"). Each Unit will be comprised of one common share of the Company (a \"Common Share\") and one Common Share purchase warrant of the Company (a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one additional Common Share (each a \"Warrant Share\") at an exercise price of $2.30 per Common Share at any time for a period of 12 months following the closing date of the Offering. The Offering is being conducted through a syndicate of underwriters co-led by National Bank Financial Inc. and TD Securities Inc. and including Macquarie Capital Markets Canada Ltd., Beacon Securities Limited and Clarksons Platou Securities AS (collectively, the “Underwriters”). The Company has granted the Underwriters an over-allotment option to purchase up to a number of additional Units and/or Warrants 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. 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\"), up to a maximum of 1,333,333 Private Placement Units. 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 pe...