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ProStar Holdings Announces Brokered Private Placement Led By Echelon Wealth Partners
ProStar Holdings Announces Brokered Private Placement Led By Echelon Wealth Partners ...
About this update from Prostar Holdings Inc
[{"type":"text","content":"\n \n \n \n ProStar Holdings Announces Brokered Private Placement Led By Echelon Wealth Partners\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n GRAND JUNCTION, Colo.\n \n ,\n \n Oct. 27, 2021\n \n /CNW/ -- (OTCQB: MAPPF) (TSXV: MAPS) (FSE: 5D00) ProStar Holdings Inc. (the \"\n \n Company\n \n \" or \"\n \n ProStar®\n \n \") is pleased to announce a brokered private placement for gross proceeds of up to\n \n C$4,000,000\n \n (the \"\n \n Brokered\n \n \n Offering\n \n \"). Echelon Wealth Partners Inc. (the \"\n \n Agent\n \n \") will act as Agent and sole bookrunner for the Offering. In addition, the Company will conduct a non-brokered private placement to raise gross proceeds of up to\n \n C$1,000,000\n \n (the \"\n \n Non-Brokered Offering\n \n \" and together with the Brokered Offering, the \"\n \n Offerings\n \n \").\n \n \n \n \n \n \n \n \n \n The Brokered Offering will consist up to 10,000,000 units of the Company (each, a \"\n \n Unit\n \n \", and collectively the \"\n \n Units\n \n \") at a price of\n \n C$0.40\n \n per Unit (the \"\n \n Offering Price\n \n \"). Each Unit consists of one Common Share (each, a \"\n \n Common Share\n \n \", and collectively the \"\n \n Common Shares\n \n \") and one-half of one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \" and collectively the \"\n \n Warrants\n \n \"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of\n \n C$0.56\n \n per Common Share for a period of 24 months from the closing date of the Offering. The non-Brokered Offering will consist of up to 2,500,000 Units on the same terms as the Units offered in the Brokered Offering.\n \n \n The Company has granted the Agent an option to increase the size of the Brokered Offering by up to 15%, exercisable in the discretion of the Agent, in whole or in part, at any time up to 48 hours prior to the final closing date of the Offering.\n \n \n The Company will use the net proceeds of the Offerings for sales, marketing, research and development, and working capital...