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Liberty Announces Update to Special Warrant Offering
Liberty Announces Update to Special Warrant Offering Canada NewsWire /NOT F...
About this update from Liberty Defense Holdings Ltd.
[{"type":"text","content":"\n \n \n \n Liberty Announces Update to Special Warrant Offering\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\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION, OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n \n VANCOUVER, BC\n \n and\n \n WILMINGTON, Mass.\n \n \n ,\n \n \n June 27, 2024\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 has closed the first tranche of the previously announced special warrant offering. The Company issued today 4,650,000 special warrants (the \"\n \n Special Warrants\n \n \") at the price of\n \n $0.15\n \n per Special Warrant for total gross proceeds of approximately\n \n $697,550\n \n (the \"\n \n Offering\n \n \").\n \n \n \n \n \n \n \n \n \n Each Special Warrant will automatically convert into one unit of the Company (each a \"\n \n Unit\n \n \"), as described below. Each Unit shall consist of one common share of the Company (a \"\n \n Share\n \n \") and one common share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant shall entitle the holder thereof to acquire one Share at a price of\n \n $0.20\n \n per Share for a period of three years following the date of issue.\n \n \n Each Special Warrant will automatically convert, for no additional consideration, into one Unit on the date that is the earlier of: (i) the date that is three business days following the date on which the Company files a prospectus supplement to a short form base shelf prospectus with the securities commissions qualifying distribution of the Units underlying the Special Warrants (the \"\n \n Prospectus Supplement\n \n \"), and (ii) the date that is four months and one day after the closing of...