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TeraGo Announces $14.7 Million Private Placement
TeraGo Announces $14.7 Million Private Placement Canada NewsWire ...
About this update from Terago Inc.
[{"type":"text","content":"\n \n \n \n TeraGo Announces $14.7 Million Private Placement\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 \n \n /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n ,\n \n April 14, 2021\n \n /CNW/ - TeraGo Inc. (\"\n \n TeraGo\n \n \" or the \"\n \n Company\n \n \") (TSX: TGO) (\n \n www.terago.ca\n \n ), is pleased to announce that it has entered into subscription agreements dated\n \n April 14, 2021\n \n (the \"\n \n Subscription Agreements\n \n \"), pursuant to which Cymbria Corporation, acting at the direction of its portfolio manager, EdgePoint Investment Group Inc.\n \n \n (\"\n \n \n Cymbria\n \n \n \") and other certain institutional investors (collectively with\n \n Cymbria\n \n , the \"\n \n Purchasers\n \n \") will subscribe for an aggregate of 934,100 Series A Units, 934,100 Series B Units and 934,100 Series C Units of the Company at a subscription price of\n \n $5.25\n \n per Unit, for an aggregate purchase price of\n \n $14,712,075\n \n , all by way of a private placement (the \"\n \n Private Placement\n \n \").\n \n \n Each Series A Unit is comprised of one common share in the capital of the Company (a \"\n \n Unit Share\n \n \") and one-half (½) of one Series A Warrant; each Series B Unit is comprised of one Unit Share and one-half (½) of one Series B Warrant; and each Series C Unit is comprised of one Unit Share and one-half (½) of one Series C Warrant. Each whole Series A Warrant, Series B Warrant or Series C Warrant (each a \"\n \n Warrant\n \n \") will entitle the holder to purchase one common share in the capital of the Company (a \"\n \n Warrant Share\n \n \") at an exercise price of\n \n $7.00\n \n ,\n \n $7.50\n \n and\n \n $8.00\n \n , respectively, within a period of 24 months, 30 months and 36 months, respectively, from the date of closing of the Private Placement.\n \n \n The Company intends to...