Business
Tokens Announces Increase in Private Placement to $12 Million
Tokens Announces Increase in Private Placement to $12 Million Canada NewsWire ...
About this update from Realbotix Corp
[{"type":"text","content":"\n \n \n \n Tokens Announces Increase in Private Placement to $12 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 \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n ./\n \n \n \n TORONTO\n \n ,\n \n Oct. 26, 2021\n \n /CNW/ - Tokens.com Corp. (NEO: COIN) (OTCQX: SMURF) (the \"\n \n Company\n \n \" or \"\n \n Tokens\n \n \") is pleased to announce that it has increased its previously announced private placement led by Stifel GMP on behalf of a syndicate of agents, including PowerOne Capital Markets Ltd, Canaccord Genuity Corp., Eventus Capital Corp., M Partners Inc. and Richardson Wealth Limited (collectively, the \"\n \n Agents\n \n \"), where the Company shall be offering for sale units of the Company (each, a \"\n \n Unit\n \n \") at a price of\n \n $0.90\n \n per Unit for aggregate gross proceeds of\n \n $12.0 million\n \n (the \"\n \n Offering\n \n \"). Each Unit will consist of one common share in the capital of the Company (each, a \"\n \n Common Share\n \n \") and one-half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \") of the Company. Each Warrant shall entitle the holder to acquire one Common Share (each, a \"\n \n Warrant Share\n \n \") at a price of\n \n $1.15\n \n per Warrant Share, subject to adjustment in certain events, until the date which is 36 months following the closing of the Offering (the \"\n \n Closing\n \n \"). All securities issued in connection with the Offering will be subject to a four-month and one day hold period under applicable securities legislation.\n \n \n The Company will grant the Agents an option (the \"\n \n Agents' Option\n \n \") to increase the size of the Offering by up to an additional\n \n $4.0 million\n \n , exercisable in whole or in part, at any time and from time to time up to 48 hours prior to the Closing. If the full amount of the Agents' Option is exer...