Business
Wildpack Beverage Inc. Announces Upsize of Its Previously Announced Bought Deal Offering of Convertible Debenture Units to $17.4 Million
Wildpack Beverage Inc. Announces Upsize of Its Previously Announced Bought Deal Offering ...
About this update from Wildpack Beverage Inc.
[{"type":"text","content":"\n \n \n \n Wildpack Beverage Inc. Announces Upsize of Its Previously Announced Bought Deal Offering of Convertible Debenture Units to $17.4 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 /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 \n VANCOUVER, BC\n \n ,\n \n June 9, 2021\n \n /CNW/ - Wildpack Beverage Inc. (TSXV: CANS) (\"\n \n Wildpack\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that, due to strong demand, it has agreed with Stifel Nicolaus Canada Inc. (\"\n \n Stifel\n \n \n GMP\n \n \") as sole bookrunner and lead underwriter, to increase the size of its previously announced\n \n $15,000,000\n \n bought deal offering (the \"\n \n Original Offering\n \n \") such that Stifel GMP will purchase 17,390 convertible debenture units of the Company (the \"\n \n Debenture Units\n \n \"), on a bought deal basis, at a price of\n \n $1,000\n \n (the \"\n \n Issue Price\n \n \") per Debenture Unit, for gross proceeds of\n \n $17,390,000\n \n (the \"\n \n Upsized Offering\n \n \"). The Upsized Offering will be completed pursuant to the filing of a short form prospectus and subject to all required regulatory approvals. In addition, the Company will grant Stifel GMP an option (the \"\n \n Over-Allotment Option\n \n \") to purchase up to 15% of additional debenture units (the \"\n \n Option Debenture Units\n \n \" and collectively with the Debenture Units, the \"\n \n Offered Debenture Units\n \n \") exercisable in whole or in part, at any time on or prior to the date that is 30 days following the Closing Date. If the Over-Allotment Option is exercised in full, the aggregate gross proceeds of the Upsized Offering will be\n \n $20,000,000\n \n . Except for the increase in the number of Offered Debenture Units to be issued in connection with the Upsized Offering, the terms of the Upsized Offering will be id...