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Freckle Announces Non-Brokered Private Placement
Freckle Announces Non-Brokered Private Placement Canada NewsWire TORONTO, May 19...
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[{"type":"text","content":"\n\n\n\nFreckle Announces Non-Brokered Private Placement\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\nCanada NewsWire\nTORONTO, May 19, 2020\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW/\n TORONTO, May 19, 2020 /CNW/ - Freckle Ltd. (the \"Company\" or \"Killi\") (TSXV: MYID) is pleased to announce that it intends to complete a non-brokered private placement of up to 40,000,000 units (each, a \"Unit\") of the Company at a price of $0.025 per Unit for aggregate gross proceeds of up to $1,000,000 (the \"Offering\"). Each Unit will consist of one common share (each, a \"Common Share\" and collectively, the \"Common Shares\") in the capital of the Company and one common share purchase warrant (each, a \"Warrant\" and collectively, the \"Warrants\") of the Company. Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.05 per Common Share for a period of 18 months from the date of issuance thereof.\n\n \n \n \n \n \n \n\n \nIf during the exercise period of the Warrants, the Common Shares trade at or above a volume weighted average trading price of $0.08 per Common Share for 20 consecutive trading days, the Company may accelerate the expiry time of the Warrants to 30 days from the date on which the Company provides written notice to the holders of the Warrants.\nNo commissions or fees will be payable in connection with this Offering. The net proceeds of the Offering will be used for general working capital requirements.\nThe Offering is expected to close on or about May 22, 2020, and is subject to all regulatory approvals including the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a hold period of four months plus one day from the date of issuance thereof in accordance with applicable securities laws.\nTo demonstrate continued support of the Company's growth plans, insiders of the Company, including certain directors and officers,...