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HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES PRICING OF $35 MILLION MARKETED EQUITY FINANCING
HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES PRICING OF $35 MILLION MARKETED EQUITY FINANCING ...
About this update from Highwood Asset Management Ltd
[{"type":"text","content":"\n \n \n \n HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES PRICING OF $35 MILLION MARKETED EQUITY FINANCING\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 July 10, 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 in connection with its previously announced \"best efforts\" marketed offering of subscription receipts (\"\n \n Subscription Receipts\n \n \"), it has entered into an agency agreement with a syndicate of agents led by RBC ‎Dominion Securities Inc., Echelon Wealth Partners Inc. and Raymond James Ltd. (collectively, the \"\n \n Agents\n \n \") to sell ‎5,833,333 ‎Subscription Receipts at a price of\n \n $6.00\n \n per Subscription Receipt for gross proceeds to the Company of approximately\n \n $35,000,000\n \n (the \"\n \n Offering\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 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 Warrant\n \n \") with each Warrant exercisable into one Common Share (each a \"\n \n Warrant Share\n \n \") at an exercise price of\n \n $7.50\n \n per Warrant Share for a period of 36 months from the issuance date ‎of the Warrants‎.\n \n \n The gross proceeds of the Offering, less the portion of the Agents' fee that is payable on the closing of the Offe...