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Namaste Technologies Closes $23 Million Bought Deal Public Offering
Namaste Technologies Closes $23 Million Bought Deal Public Offering Canada News...
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[{"type":"text","content":"\n \n \n \n Namaste Technologies Closes $23 Million Bought Deal Public 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 /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./\n \n \n \n TORONTO\n \n ,\n \n Jan. 19, 2021\n \n /CNW/ - Namaste Technologies Inc. (\"\n \n Namaste\n \n \" or the \"\n \n Company\n \n \") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a leading platform for cannabis products, accessories, and education, is pleased to announce that it has closed its previously announced \"bought deal\" public offering (the \"\n \n Offering\n \n \") for total gross proceeds of\n \n $23,023,000\n \n . The Company sold 65,780,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n C$0.35\n \n per Unit under the Offering, including 8,580,000 Units sold pursuant to the exercise in full of the underwriters' over-allotment option.\n \n \n \n \n \n \n \n \n \n Each Unit consists of one common share (a \"\n \n Common Share\n \n \") and one common share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price per Common Share of\n \n C$0.47\n \n until\n \n January 19, 2024\n \n . The TSX Venture Exchange (the \"\n \n Exchange\n \n \") has conditionally accepted the Warrants for listing and the Warrants are expected to be posted for trading on the Exchange later in the week under the ticker symbol N.WT.B.\n \n \n Canaccord Genuity Corp., as lead underwriter, and Haywood Securities Inc., acted as underwriters for the Offering.\n \n \n The underwriters received a cash underwriting fee equal to 6.0% of the aggregate gross proceeds of the Offering and were issued compensation options equal to 6.0% of the aggregate number of Units sold under the Offering  (the \"\n \n Compensation Options\n \n \"). Each Compensation Option is exercisable until\n \n January 19, 2023\n \n to acquire one common share of the Company at an exercise price of\n \n $0.35\n \n .\n \n \n In con...