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PopReach Corporation Announces Upsize to Bought Deal Public Offering
PopReach Corporation Announces Upsize to Bought Deal Public Offering Canada New...
About this update from Ionik Corporation
[{"type":"text","content":"\n \n \n \n PopReach Corporation Announces Upsize to 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 TORONTO, Nov. 9, 2020\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n ,\n \n Nov. 9, 2020\n \n /CNW/ - PopReach Corporation (\"\n \n PopReach\n \n \" or the \"\n \n Company\n \n \") (TSXV:POPR) (OTCQX:POPRF) is pleased to announce that it has amended the terms of its previously announced offering of common shares of the Company. Under the amended terms of the Offering (as defined below), Beacon Securities Limited (\"\n \n Beacon\n \n \" or the \"\n \n Lead Underwriter\n \n \"), on behalf of a syndicate of underwriters (together with the Lead Underwriter, the \"\n \n Underwriters\n \n \") has agreed to purchase on a bought deal basis, 12,000,000 common shares (the \"\n \n Shares\n \n \") in the capital of the Company at a price of\n \n $1.25\n \n per Share (the \"\n \n Offering Price\n \n \") for aggregate gross proceeds to the Company of\n \n $15,000,000\n \n (the \"\n \n Offering\n \n \"). (All figures are in Canadian dollars unless otherwise stated).\n \n \n The Company has granted the Underwriters an option (the \"\n \n Over-Allotment Option\n \n \"), exercisable, in whole or in part, by Beacon, on behalf of the Underwriters, giving notice to the Company at any time and from time to time up to 30 days following the Closing Date, to purchase, or to find substituted purchasers for, up to an additional number of Shares equal to 15% of the number of Shares sold pursuant to the Offering at the Offering Price to cover over-allotments, if any, and for market stabilization purposes.\n \n \n The closing of the Offering is expected to occur on or about\n \n November 26, 2020\n \n (the \"\n \n Closing Date\n \n \") and is subject to the completion of formal documentation and receipt of all regulatory approvals, including the approval of the TSX Venture Exchange. T...