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SIMPLY SOLVENTLESS ANNOUNCES INTENT TO OVER SUBSCRIBE $0.25 UNIT FINANCING FROM $3.5 MILLION TO UP TO $3.85 MILLION
SIMPLY SOLVENTLESS ANNOUNCES INTENT TO OVER SUBSCRIBE $0.25 UNIT FINANCING FROM $3.5 MILLION TO U...
About this update from Simply Solventless Concentrates Ltd
[{"type":"text","content":"\n \n \n \n SIMPLY SOLVENTLESS ANNOUNCES INTENT TO OVER SUBSCRIBE $0.25 UNIT FINANCING FROM $3.5 MILLION TO UP TO $3.85 MILLION\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 \n \n Not for distribution to U.S. news wire services or for dissemination in\n \n the United States\n \n .\n \n \n \n \n CALGARY\n \n \n ,\n \n \n July 3, 2024\n \n \n /CNW/ - Simply Solventless Concentrates Ltd. (\n \n TSXV:\n \n \n HASH\n \n ) (\"\n \n SSC\n \n \") is pleased to announce that due to strong demand, it intends to over subscribe its previously announced financing of units from 14,000,000 units (\"\n \n Units\n \n \") for aggregate gross proceeds of up to\n \n $3,500,000\n \n to up to 15,400,000 Units for aggregate gross proceeds of up to\n \n $3,850,000\n \n (the \"\n \n Financing\n \n \"). The Financing was originally announced in SSC's press release dated\n \n June 25, 2024\n \n , which is available on SSC's SEDAR+ profile at\n \n www.sedarplus.ca\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit consists of one common share (\"\n \n Common Share\n \n \") and one-half of one common share purchase warrant (\"\n \n Warrant\n \n \") of SSC, with each whole warrant being exercisable for one Common Share of SSC at a price of\n \n $0.40\n \n per share for a period of two years from the date of issue. If, at any time prior to the expiry date of the Warrants, the closing price of the Common Shares on the TSX Venture Exchange (\"\n \n TSXV\n \n \") is greater than\n \n $0.40\n \n for any 10 consecutive trading days, SSC may, at SSC's discretion, and at any time going forward, deliver a notice to the holders of Warrants accelerating the expiry date of the Warrants to the date that is 30 days following the date of such notice (the \"\n \n Accelerated Exercise Period\n \n \"). Any unexercised Warrants shall automatically expire at the end of the Accelerated Exercise Period.\n \n \n All securities issued under the Financing will be subject to a hold period expiring four months and one day from the date of issue. The Financi...