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Liberty Announces Closing of First Tranche of Private Placement of Units
Liberty Announces Closing of First Tranche of Private Placement of Units Canada NewsWir...
About this update from Liberty Defense Holdings Ltd.
[{"type":"text","content":"\n \n \n \n Liberty Announces Closing of First Tranche of Private Placement of Units\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 \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 April 17, 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, further to its news release of\n \n March 15, 2023\n \n , it has closed the first tranche (the \"\n \n First Tranche\n \n \") of its non-brokered private placement private placement (the \"\n \n Offering\n \n \") of units of the Company (the \"\n \n Units\n \n \").\n \n \n \n \n \n \n \n \n \n In connection with the First Tranche, the Company issued a total of 6,707,061 Units at an issue price of\n \n C$0.20\n \n per Unit, for gross proceeds of approximately\n \n C$1,341,212\n \n .\n \n \n Each Unit issued in the First Tranche consists 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 entitles 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, until\n \n April 14, 2025\n \n , provided that if, after four months after the date of closing, the volume weighted average closing price of the Common Shares of the Company on the TSX Venture 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 ...