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NowVertical Group Inc. Announces Overnight Marketed Public Offering
NowVertical Group Inc. Announces Overnight Marketed Public Offering Canada News...
About this update from Nowvertical Group Inc
[{"type":"text","content":"\n \n \n \n NowVertical Group Inc. Announces Overnight Marketed 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 \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n TORONTO\n \n ,\n \n Nov. 10, 2021\n \n /CNW/ - NowVertical Group Inc. (TSXV: NOW) (\"\n \n NOW\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has filed a preliminary short form prospectus with the securities commissions or similar regulatory authorities in each of the Provinces of\n \n Canada\n \n (other than\n \n Quebec\n \n ) (the \"\n \n Canadian Jurisdictions\n \n \"), in connection with an overnight marketed public offering (the \"\n \n Offering\n \n \") of units of the Company (the \"\n \n Units\n \n \") for minimum gross proceeds of\n \n C$5,000,000\n \n and maximum gross proceeds of\n \n C$8,000,000\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit will consist of one subordinate voting share of the Company (each a \"\n \n Subordinate Voting Share\n \n \") and one-half of one Subordinate Voting Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \" and collectively the \"\n \n Warrants\n \n \").\n \n \n The Offering will be conducted by Echelon Wealth Partners Inc. (the \"\n \n Agent\n \n \"), as sole agent and bookrunner, and is subject to customary closing conditions, including the approval of the securities regulatory authorities and the TSX Venture Exchange.\n \n \n The Offering will be completed (i) by way of a short form prospectus to be filed in the Canadian Jurisdictions; (ii) on a private placement basis in\n \n the United States\n \n pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the \"\n \n U.S. Securities Act\n \n \"); and (iii) outside\n \n Canada\n \n and\n \n the United States\n \n on a basis which does not require the qualification or registration of any of the Company's securities under domestic or foreign se...