Business
P Squared Renewables Inc. Closes First Tranche of Common Share Private Placement
(via TheNewswire) July 1 6 , 2020 - TheNewswire - Calgary, Alberta -...
About this update from Universal Ibogaine Inc
[{"type":"text","content":"P Squared Renewables Inc. Closes First Tranche of Common Share Private Placement(via TheNewswire)\n \n \nJuly 16, 2020 - TheNewswire - Calgary, Alberta - P Squared Renewables Inc. (TSXV:PSQ.P) (\"PSQ\" or the \"Company\"), a capital pool company, is pleased to announce that, further to its June 2, 2020 news release, PSQ has closed the first tranche of its non-brokered private placement (the \"Offering\") of common shares (\"Common Shares\") on July 14, 2020. Pursuant to the Offering, PSQ issued 400,000 Common Shares at a price of $0.20 per ?Common Share for gross proceeds of $80,000. The Common Shares issued in connection with the Offering are subject to a hold period that expires on November 15, 2020. \n\n\n \nThe net proceeds of the private placement will be used for working capital purposes and to fund various transaction costs related to completion of PSQ's proposed qualifying transaction with Universal Ibogaine Inc. \n\n\n \nThe non-brokered private placement remains open and the Company may close additional tranches ?under this Offering. The completion of the Offering is subject to the Company receiving all necessary ?regulatory approvals, including final approval from the TSX Venture Exchange. ?\n\n\n \nNEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. \n\n\n \nCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS \n\n\n \n?This news release contains forward-looking statements and information. More particularly, this ?document contains statements and information concerning the timing and closing of additional ?tranches of the Offering and the use of proceeds received under the Offering, including as has been ?received in this initial closing. Forward-looking information is frequently characterized by words such ?as \"plan\", \"expect\", \"project\", \"intend\", \"will\", \"believe\", \"anticipate\", \"estimate\", \"scheduled\", ??\"potential\", or other similar words, or statements that certain events or conditions \"may\", \"should\" or ??\"could\" occur. The forward-looking statements and information are based on certain key expectations ?and assumptions made by PSQ, including expectations and assumptions concerning timing of ?receipt of required regulatory ap...