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Sunniva Announces Closing of CAD $4.3 Million Short Term Bridge Financing
Sunniva Announces Closing of CAD $4.3 Million Short Term Bridge Financing.
About this update from Sunniva Inc
[{"type":"text","content":"\n\n\n\nSunniva Announces Closing of CAD $4.3 Million Short Term Bridge Financing\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.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n\n\n\n\n\n\nSunniva Announces Closing of CAD $4.3 Million Short Term Bridge Financing\nCanada NewsWire\nVANCOUVER, British Columbia, April 15, 2019\n\n\n\nNot for Dissemination in the United States or for Distribution to U.S. Newswire Services\n VANCOUVER, British Columbia, April 15, 2019 /CNW/ -- Sunniva Inc. (\"Sunniva\", the \"Company\", \"we\", \"our\" or \"us\") (CSE: SNN) (OTCQB: SNNVF), a North American provider of cannabis products and services, is announcing and closing a non-brokered private placement (the \"Offering\") of CAD $4,300,000 for a total of 4,300,000 units of the Company (\"Units\"). Proceeds of the Offering will be used to provide short term working capital for operations at the Company's extraction facility in California, purchase of additional biomass inventory, capital costs at the Sunniva California Campus and general corporate purposes. Each Unit consists of a principal amount of unsecured promissory notes of the Company (\"Promissory Notes\") and common share purchase warrants of the Company (\"Warrants\"). The closing included an insider of the Company subscribing, directly or indirectly, for CAD $1,000,000 for a total of 1,000,000 Units which demonstrates management and insiders' commitment to the Company. The Company anticipates holding a secondary closing of the Offering within the next 10 days.\n\n \n \n\n \nThe Units issued under the Offering have the following terms:\nPromissory Notes \nMaturity:  The earlier of (i) two business days following receipt by the Company of proceeds from the sale of any or a...