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HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES LISTING OF SUBSCRIPTION RECEIPTS ON TSXV
HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES LISTING OF SUBSCRIPTION RECEIPTS ON TSXV Canad...
About this update from Highwood Asset Management Ltd
[{"type":"text","content":"\n \n \n \n HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES LISTING OF SUBSCRIPTION RECEIPTS ON TSXV\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 Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION IN\n \n THE UNITED STATES\n \n OR DISSEMINATION THROUGH\n \n UNITED STATES\n \n NEWSWIRE SERVICES/\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Aug. 1, 2023\n \n \n /CNW/ - Highwood Asset Management Ltd. (\"\n \n Highwood\n \n \" or the \"\n \n Company\n \n \") (TSXV: HAM) is pleased to announce that, further to the Company's\n \n July 27, 2023\n \n news release, the Subscription Receipts (as defined below) will be listed for trading on the TSX Venture Exchange (\"\n \n TSXV\n \n \") under the symbol \"HAM.R\" effective as of the opening of markets on\n \n August 1, 2023\n \n .\n \n \n \n \n \n \n \n \n \n On\n \n July 27, 2023\n \n , the Company closed its previously announced ‎\"best efforts\" marketed offering of subscription receipts (the \"\n \n Offering\n \n \"). Pursuant to the Offering, the Company issued and sold a total of 5,833,333 subscription receipts (\"\n \n Subscription Receipts\n \n \") at a price of\n \n $6.00\n \n per Subscription Receipt for gross proceeds of approximately\n \n $35,000,000\n \n . The Offering was conducted pursuant to an agency agreement with a syndicate of agents led by RBC ‎Capital Markets, Echelon Wealth Partners Inc. and Raymond James Ltd. (the \"\n \n Agents\n \n \").\n \n \n Each Subscription Receipt represents the right of the holder to receive, upon closing of the previously announced proposed acquisition by the Company of each of Castlegate Energy Ltd., Boulder Energy Ltd. and Shale Petroleum Ltd. (collectively, the \"\n \n Acquisitions\n \n \"), without payment of additional consideration and without further action, one unit of the Company (\"\n \n Offered\n \n \n Unit\n \n \"). Each Offered Unit will be comprised of one common share of the Company (\"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant (each full warrant, a \"\n \n...