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Green Growth Brands Announces Bought Deal Public Offering of Units
Green Growth Brands Announces Bought Deal Public Offering of Units.
About this update from Green Growth Brands Inc
[{"type":"text","content":"\n\n\n\nGreen Growth Brands Announces Bought Deal Public Offering of Units\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\nGreen Growth Brands Announces Bought Deal Public Offering of Units\nCanada NewsWire\nCOLUMBUS, OH, July 23, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR THE DISSEMINATION, DISTRIBUTION, RELEASE OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES./\n COLUMBUS, OH, July 23, 2019 /CNW/ - Green Growth Brands Inc. (CSE:GGB) (OTCQB:GGBXF) (the \"Company\" or \"GGB\") announced today that it has entered into an agreement with a group of investment dealers, led by Canaccord Genuity Corp. (the \"Underwriters\"), pursuant to which the Underwriters will purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 20,500,000 units (the \"Units\") of the Company at a price of C$2.45 per Unit (the \"Offering Price\") for aggregate gross proceeds of C$50,225,000 (the \"Offering\"). \n‎Each Unit will be comprised of one common share of the Company (a \"Common Share\") ‎‎and one half of one common share ‎purchase warrant of the Company (each full warrant, a \"Warrant\"). Each Warrant will ‎‎entitle the holder to acquire one common ‎share of the Company (the \"Underlying Common ‎‎Shares\") at a price of C$3.50 per Underlying Common Share, ‎subject to adjustment in ‎certain events (the \"Exercise Price\"), for a period of 3 years following the Closing Date ‎‎(as ‎‎hereinafter defined). The Company intends to apply to list the Warrants on the Canadian Securities Exchange.   \nThe Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 3,075,000 Units at the Offering Price, exercisable in whole or in part, at any time and from time to time on or prior to the date that is 30 days following the Closing Date. If this option is exercised in full, an additional C$7,533,750 in gross proceeds will be raised pursuant ...