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CBi² Capital Announces Details of Rights Offering and Annual and Special Meeting of Shareholders
CBi² Capital Announces Details of Rights Offering and Annual and Special Meeting of S...
About this update from Westgate Energy Inc
[{"type":"text","content":"\n\n\n\nCBi² Capital Announces Details of Rights Offering and Annual and Special Meeting of Shareholders\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\nCanada NewsWire\nCALGARY, April 11, 2018\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./\n\nStock exchange/Stock Symbol:  TSXV: TCI  and CSE: TCI\n\n\n\nCALGARY, April 11, 2018 /CNW/ - Target Capital Inc. d.b.a. CBi2 Capital (\"CBi2\" or the \"Corporation\") is pleased to announce that it has set May 25, 2018 (the \"Record Date\") as the record date for the previously announced rights offering (the \"Rights Offering\") to the holders (\"Shareholders\") of common shares of CBi2 (\"Common Shares\"). CBi2 is also pleased to announce its 2018 annual general and special meeting of Shareholders (the \"Meeting\") will be held on June 7, 2018.\n\nThe Corporation is not aware of any material facts or changes in respect of the business of the Corporation which would result in a significant change in the trading price of the Common Shares.\n\nRights Offering\n\nPursuant to the Rights Offering, each holder of Common Shares on the Record Date will receive one transferable right (a \"Right\") for every Common Share held. Every four Rights will entitle the holder thereof to purchase one unit (\"Unit\") at a price of $0.06 until the Rights expire at 4:00 p.m. (Calgary time) on June 22, 2018 (the \"Expiry Date\"). Each Unit will be comprised of one Common Share and one half of one Common Share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.10 until June 22, 2023. There is no additional subscription privilege and no standby commitment in respect of the Rights Offering. The completion of the Rights Offering is not subject to CBi2 receiving any minimum amount of subscriptions from Shareholders.\n\nThe Rights Offering will be made in each of the provinces and territories of Canada (other than Qu...