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Sunniva Announces Closing Of Second Tranche Of Short-Term Bridge Financing For Proceeds Of CAD $1,210,000
Sunniva Announces Closing Of Second Tranche Of Short-Term Bridge Financing For Proceeds Of CAD $1,210,000.
About this update from Sunniva Inc
[{"type":"text","content":"\n\n\n\nSunniva Announces Closing Of Second Tranche Of Short-Term Bridge Financing For Proceeds Of CAD $1,210,000\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 Second Tranche Of Short-Term Bridge Financing For Proceeds Of CAD $1,210,000\nCanada NewsWire\nVANCOUVER, British Columbia, April 24, 2019\n\n\n\nNot for Dissemination in the United States or for Distribution to U.S. Newswire Services\n VANCOUVER, British Columbia, April 24, 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 pleased to announce that it has closed the second tranche of the Company's non-brokered private placement (the \"Offering\"), previously announced on April 15, 2019, of an additional CAD $1,210,000 for a total of 1,210,000 units of the Company (\"Units\"), bringing total gross proceeds raised by the Offering to CAD $5,510,000 million.  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\").\n\n \n \n\n \nAs previously disclosed, 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.\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 all of the Company's Canadian ass...