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ProStar Holdings Announces Closing Private Placements For Gross Proceeds Of $10,200,000
ProStar Holdings Announces Closing Private Placements For Gross Proceeds Of $10,200,000 ...
About this update from Prostar Holdings Inc
[{"type":"text","content":"\n \n \n \n ProStar Holdings Announces Closing Private Placements For Gross Proceeds Of $10,200,000\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 VANCOUVER, British Columbia\n \n ,\n \n Nov. 24, 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 that it has closed its previously announced brokered and non-brokered private placements (collectively, the \"\n \n Offering\n \n \") for gross proceeds of\n \n $10,200,000\n \n .  The brokered portion of the Offering (the \"\n \n Brokered Offering\n \n \") was led by Echelon Wealth Partners Inc. (the \"\n \n Agent\n \n \") and consisted of the sale of 14,375,000 units (the \"\n \n Units\n \n \") for aggregate gross proceeds of\n \n $5,750,000\n \n at a price of\n \n $0.40\n \n per Unit (the \"\n \n Offering Price\n \n \"). Each Unit consisted 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 $0.56\n \n per Common Share for a period of 24 months from the closing date of the Offering.\n \n \n \n \n \n \n \n \n \n Under the non-brokered portion of the Offering the Company raised gross proceeds of\n \n $4,450,000\n \n , through the sale of 11,125,000 Units at the Offering Price. The Offering was announced on\n \n October 27, 2021\n \n and subsequently amended on\n \n November 12, 2021\n \n and\n \n November 22, 2021\n \n to accommodate additional demand.\n \n \n The Warrants were issued pursuant to a warrant indenture dated\n \n November 24, 2021\n \n entered into between the Company and Computershare Trust Company, as warrant agent.\n \n \n As consideration for Agent's services in connection with the Brokered Offering, the Agent received\n \n $402,500\n \n and 1,006,250 b...