Business
ProStar Holdings Announces Upsizing To Previously Announced Private Placement Financing
ProStar Holdings Announces Upsizing To Previously Announced Private Placement Financing ...
About this update from Prostar Holdings Inc
[{"type":"text","content":"\n \n \n \n ProStar Holdings Announces Upsizing To Previously Announced Private Placement Financing\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 Nov. 12, 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 it has increased the size of its previously announced brokered and non-brokered private placements (see\n \n October 27, 2021\n \n press release).  The Company now intends to complete a brokered financing for gross proceeds of up to\n \n C$5,000,000\n \n (the \"\n \n Brokered Offering\n \n \") and a non-brokered financing for gross proceeds of up to\n \n C$3,500,000\n \n (the \"\n \n Non-Brokered Offering\n \n \", and together with the Brokered Offering, the \"\n \n Offerings\n \n \"). Echelon Wealth Partners Inc. (the \"\n \n Agent\n \n \") will act as Agent and sole bookrunner for the Brokered\n \n Offering.\n \n \n \n \n \n \n \n \n \n \n The Brokered Offering will consist of up to 12,500,000 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 Offerings. The Non-Brokered Offering will consist of up to 8,750,000 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 ...