Business
Yorkton Equity Group Inc. Announces Unit Offering
(TheNewswire) Edmonton, Alberta - TheNewswire – June 7th , 202...
About this update from Yorkton Equity Group Inc
[{"type":"text","content":"Yorkton Equity Group Inc. Announces Unit Offering\n \n \n (TheNewswire)\n \n \n \n Edmonton, Alberta -\n \n \n TheNewswire\n \n \n – June\n \n \n 7th\n \n \n , 2021 – Yorkton Equity Group Inc.\n(“YEG” or the “Company”) (TSXV:YEG) is pleased to announce a\nnon-brokered private placement unit offering (\"Offering\") at\na price of $0.30 per Unit for gross proceeds of up to $2,000,000,\nsubject to regulatory approval. Each Unit is comprised of one (1)\ncommon YEG share and one (1) common YEG share purchase warrant\n(\"Warrant\"), whereby each Warrant entitles the holder to\npurchase one (1) common YEG share at a price of $0.45 for a period of\ntwo (2) years from the date of closing.\n \n \n \n \n If after four months and one day following the date of\nclosing, the closing price of the YEG Shares is equal to or exceeds\n$0.80 per YEG common share for twenty (20) consecutive trading days,\nthe Company will have the right to accelerate the expiry date of the\nWarrants. In the event of acceleration, the expiry date will be\naccelerated to a date that is thirty (30) days after the date that\nwritten notice has been given to the warrant holder or the date that\nthe Company has issued a press release announcing the exercise of the\nacceleration right; and thereafter, no further notification will be\nprovided by the Company to the subscribers. The shares and warrants\nissued on the Private Placement shall be subject to a four (4) month\nhold.\n \n \n \n \n The Company will use the proceeds from the Private\nPlacement towards the Langford, Victoria Apartment building and\nadditional properties and general working capital.\n \n \n \n \n About Yorkton\n \n \n \n \n Yorkton Equity Group Inc. is a fully integrated,\ngrowth-oriented real estate investment company committed to providing\nshareholders with growing assets, and stable income through the\naccretive acquisitions, organic growth, and the active management of\nmulti-family rental properties with significant upside potential. Our\ngeographical focus is in primary and secondary markets across Canada\nwith diversified, growing economies, and strong population\nin-migration, with an initial focus in British Columbia. Our business\nobjectives are to achieve stable Net Operating Income (NOI) and\ngrowing Net Asset Value (NAV) in our multi-family renta...