Business
KDA Group Annonces Closing of Private Placement
(via TheNewswire) Thetford Mines / TheNewswire / November 7, 2018 - KDA Group Inc. (...
About this update from Kda Group Inc.
[{"type":"text","content":"KDA Group Annonces Closing of Private Placement(via TheNewswire)\n \n \nThetford Mines / TheNewswire / November 7, 2018 - KDA Group Inc. (TSXV: KDA) (\"KDA Group\" or the \"Corporation\") is pleased to announce that it has completed a non-brokered private placement with accredited investors totaling 13,930,333 units (the \"Units\") at a price of $0.15 per Unit for total gross proceeds of $2,089,550 (the \"Private Placement\").\n\n\n \nEach Unit is comprised of one Class A Share of KDA Group and one warrant (the \"Warrant\"). Each Warrant entitles the holder to purchase one Class A Share at an exercise price of $0.20 per share for a period of 24 months ending November 7, 2020. The securities issued in connection with the Private Placement are subject to a four-month hold period expiring on March 8, 2019.\n\n\n \nKDA Group will use the Private Placement proceeds for its working capital, general expenses and the settlement of short-term debts except those to subscribers. As a result of the Private Placement, there are 56,860,947 Class A Shares issued and outstanding and if all the Warrants are exercised by the holders a total 70,791,280 Class A Shares will be issued and outstanding.\n\n\n \nThe Private Placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. No finder's fee is payable in connection with the Private Placement.\n\n\n \nAbout KDA Group \n\n\n \nKDA Group is a leading solution and service provider to the pharmaceutical market for the distribution of generic drugs and specialized solutions. Today, it is a respected name for quality and expertise among pharmacists. Its management team is guided by a vision of continuing to lead the way in Quebec while extending operations across Canada and internationally. Additional information on the Corporation is available at www.kdagroup.ca and on SEDAR at www.sedar.com.\n\n \n \nCAUTION REGARDING FORWARD-LOOKING STATEMENTS\n\n\n \nThis press release from KDA Group contains forward-looking statements. Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, strategy, target, and other similar expressions, or future or conditional verbs such as aim, anticipate, believe, predict, could, expect, intend, may, plan, seek, should, strive,...