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Liberty Announces C$3 Million Private Placement
Liberty Announces C$3 Million Private Placement Canada NewsWire /NOT FOR DIST...
About this update from Liberty Defense Holdings Ltd.
[{"type":"text","content":"\n \n \n \n Liberty Announces C$3 Million Private Placement\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 TO U.S. NEWSWIRES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n and\n \n WILMINGTON, Mass.\n \n \n ,\n \n \n March 15, 2023\n \n \n /CNW/ -\n \n Liberty Defense Holdings Ltd.\n \n (\"\n \n Liberty\n \n \" or the \"\n \n Company\n \n \") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that it intends to complete a non-brokered private placement of up to 15,000,000 units of the Company (the \"\n \n Units\n \n \") at an issue price of\n \n C$0.20\n \n per Unit, for gross proceeds of up to\n \n C$3 million\n \n (the \"\n \n Offering\n \n \"). In its discretion, the Company may, in the context of the market, increase the size of the Offering in accordance with policies of the TSX Venture Exchange (the \"\n \n Exchange\n \n \").\n \n \n \n \n \n \n \n \n \n Each Unit will consist of one common share of the Company (each, a \"\n \n Common Share\n \n \") and one-half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder thereof to acquire, on payment of\n \n C$0.30\n \n to the Company, one common share of the Company (each, a \"\n \n Warrant Share\n \n \"), subject to adjustment in certain circumstances, for a period of 24 months from the closing date (the \"\n \n Closing Date\n \n \"), provided that if, after four months after the Closing Date, the volume weighted average closing price of the Common Shares of the Company on the Exchange (or such other stock exchange on which the Common Shares are traded) is equal to or greater than\n \n C$0.50\n \n for a period of 5 consecutive trading days, the Company may at its option elect to accelerate the expiry of the Warrants by providing notice to the holders thereof within 10 calendar days f...