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Liberty Announces Listed Issuer Financing Exemption (LIFE) Non-Brokered Private Placement of Units
Liberty Announces Listed Issuer Financing Exemption (LIFE) Non-Brokered Private Placement of Unit...
About this update from Liberty Defense Holdings Ltd.
[{"type":"text","content":"\n \n \n \n Liberty Announces Listed Issuer Financing Exemption (LIFE) Non-Brokered 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 /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 Dec. 6, 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), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is undertaking a non-brokered private placement of up to 5,900,000 units (the \"\n \n Units\n \n \") of the Company at a price of\n \n C$0.20\n \n per Unit (the \"\n \n Offering Price\n \n \") for gross proceeds to the Company of up to\n \n C$1,180,000\n \n (the \"\n \n Offering\n \n \"). The Offering has been structured to take advantage of the listed issuer financing exemption whereby securities of the Company issued pursuant to the Offering will be freely tradeable equity securities not subject to any hold period (see below).\n \n \n \n \n \n \n \n \n \n Each Unit will consist of one common share in the capital of the Company (a \"\n \n Common Share\n \n \") and one Common Share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company (a \"\n \n Warrant Share\n \n \") for a period of 36 months following the closing date of the Offering at an exercise price of\n \n C$0.30\n \n per Warrant Share.\n \n \n Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -\n \n Prospectus Exemptions\n \n (\"\n \n NI 45-106\n \n \"), the Offering is being made to purchasers resident in each of the Provinces of\n \n Canada\n \n , except\n \n Quebec\n \n , pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the \"\n \n Exemption\n \n \"). The securities offered under the Exemptio...