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PopReach Corporation Announces Successful Closing of Bought Deal Public Offering of Common Shares
PopReach Corporation Announces Successful Closing of Bought Deal Public Offering of Commo...
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[{"type":"text","content":"\n \n \n \n PopReach Corporation Announces Successful Closing of Bought Deal Public Offering of Common Shares\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 TORONTO, Nov. 27, 2020\n \n \n \n \n /\n \n NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n ,\n \n Nov. 27, 2020\n \n /CNW/ - PopReach Corporation (\"\n \n PopReach\n \n \" or the \"\n \n Company\n \n \") (TSXV: POPR) (OTCQX: POPRF) announced today that it has completed its previously announced public offering (the \"\n \n Public Offering\n \n \") of common shares of the Company (\"\n \n Common\n \n \n Shares\n \n \") conducted by a syndicate of underwriters led by Beacon Securities Limited (the \"\n \n Underwriters\n \n \") on a bought deal basis. A total of 13,800,000 Common Shares were issued at a price of\n \n $1.25\n \n per share for aggregate gross proceeds of\n \n $17,250,000\n \n , which includes the full exercise of the over- allotment option granted to the Underwriters to purchase up to an additional 1,800,000 Common Shares.\n \n \n PopReach intends to use the net proceeds from the Public Offering for acquisitions, working capital and general corporate purposes.\n \n \n The Common Shares were offered in\n \n Canada\n \n by way of a short-form prospectus filed in the Provinces of\n \n British Columbia\n \n ,\n \n Alberta\n \n ,\n \n Saskatchewan\n \n and\n \n Ontario\n \n .\n \n \n No securities regulatory authority has either approved or disapproved the contents of this press release. The Common Shares have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws. Accordingly, the Common Shares may not be offered or sold within\n \n the United States\n \n unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not ...