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Wildpack Beverage Inc. Announces Closing of Bought Deal Offering of Debenture Units for Aggregate Gross Proceeds of $20 Million
Wildpack Beverage Inc. Announces Closing of Bought Deal Offering of Debenture Units for A...
About this update from Wildpack Beverage Inc.
[{"type":"text","content":"\n \n \n \n Wildpack Beverage Inc. Announces Closing of Bought Deal Offering of Debenture Units for Aggregate Gross Proceeds of $20 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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n VANCOUVER, BC\n \n , June 30, 2021 /CNW/ - Wildpack Beverage Inc. (TSXV: CANS) (\"\n \n Wildpack\n \n \" or the \"\n \n Company\n \n \") is pleased to announce the closing of its previously announced bought deal offering of 20,000 debenture units (the \"\n \n Debenture Units\n \n \") of the Company which includes the full exercise of the over-allotment option (the \"\n \n Offering\n \n \").  The Offering was led by Stifel GMP as sole bookrunner and lead underwriter.\n \n \n \n \n \n \n \n \n \n Each Debenture Unit consists of (i) one 8% senior unsecured convertible debenture having a face value of\n \n $1,000\n \n , which is convertible into common shares of the Company (each a \"\n \n Common Share\n \n \") at a conversion price of\n \n $1.51\n \n per Common Share (the \"\n \n Conversion Price\n \n \") and matures four years from the Closing Date (as defined below) (the \"\n \n Convertible Debentures\n \n \"); and (ii) 332 common share purchase warrants of the Company (the \"\n \n Warrants\n \n \" and, together with the Convertible Debentures, the \"\n \n Underlying\n \n \n Securities\n \n \"). Each Warrant entitles the holder thereof to purchase one Common Share at\n \n $1.81\n \n per share for a period of two years following\n \n June 30, 2021\n \n (the \"\n \n Closing Date\n \n \").\n \n \n At any time and from time to time following the expiry of 36 months after the Closing Date, the Company may, at its option, redeem\n \n pro rata\n \n all or part of the Convertible Debentures, upon not less than 30 nor more than 60 days' prior written notice, at a redemption price which is equal to 110% of the principal amount thereo...