Business
Wildpack Announces Size and Pricing of Previously Announced Overnight Marketed Offering
Wildpack Announces Size and Pricing of Previously Announced Overnight Marketed Offering ...
About this update from Wildpack Beverage Inc.
[{"type":"text","content":"\n \n \n \n Wildpack Announces Size and Pricing of Previously Announced Overnight Marketed Offering\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 VANCOUVER, BC\n \n \n ,\n \n \n March 25, 2022\n \n \n /CNW/ - Wildpack Beverage Inc. (TSXV: CANS) (OTC: WLDPF) (\"\n \n Wildpack\n \n \" or the \"\n \n Company\n \n \") is pleased to announce today the size and pricing of its previously announced overnight marketed public offering (the \"\n \n Offering\n \n \") of convertible debenture units (the \"\n \n Offered Debenture Units\n \n \") of the Company at a price of\n \n C$1,000\n \n per Offered Debenture Unit for total gross proceeds of\n \n C$5 million\n \n .\n \n \n \n \n \n \n \n \n \n The Offering is being conducted by a syndicate of underwriters, including Roth Canada, Inc., as lead underwriter and sole bookrunner, and PI Financial Corp. (together, the \"\n \n Underwriters\n \n \").\n \n \n Each Offered Debenture Unit will consist of: (i) a principal amount 8% convertible unsecured debenture (the \"\n \n Convertible Debentures\n \n \") convertible into common shares of the Company at a conversion price of\n \n $1.00\n \n per common share and maturing four years from the closing of the Offering (the \"\n \n Maturity Date\n \n \"); and (ii) 500 common share purchase warrants (the \"\n \n Warrants\n \n \"), with each Warrant entitling the holder thereof to acquire one common share of the Company at\n \n $1.50\n \n per share for a period of two years from the closing of the Offering.\n \n \n The Company has granted the Underwriters an option, exercisable, in whole or in part, at any time not later than the 30\n \n th\n \n day following the closing of the Offering, to purchase up to an additional 15% of the Offering for market stabilization purposes and to cover over-allotments, if any (the \"\n \n Over-Allotment Option\n \n \").\n \n \n At any time and from time to time following the expiry of 36 months after the closing of the Offering, the Company may, at its option, redeem\n \n pro rata\n \n all or part of the Convertible D...