Business
Wildpack Closes Overnight Marketed Offering for Aggregate Gross Proceeds of $5 million
Wildpack Closes Overnight Marketed Offering for Aggregate Gross Proceeds of $5 million ...
About this update from Wildpack Beverage Inc.
[{"type":"text","content":"\n \n \n \n Wildpack Closes Overnight Marketed Offering for Aggregate Gross Proceeds of $5 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.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \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 \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 31, 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 that it has closed its previously announced overnight marketed public offering (the \"\n \n Offering\n \n \") of convertible debenture units (the \"\n \n Offered Debenture\n \n \n 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 was 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 consists 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 ending\n \n March 31, 2024\n \n .\n \n \n The principal amount of each Convertible Debenture will be convertible, for no additional consideration, at the holder's option into fully paid, non-assessable and freely-tradeable Conversion Shares (each a \"\n \n Conversion Share\n \n \") in\n \n Canada\n \n at any time prior to\n \n 5:00 p.m. (Eas...