By Marisa Wong
Milwaukee, March 29 - Catch the Wind Ltd. announced that it plans to raise at least C$5 million through a private placement of units. It will sell units at C$2.00 each on a best efforts basis.
Each unit will be comprised of one common share and one warrant. Each whole warrant will entitle the holder to purchase half of one common share at C$2.20 per share at any time within 24 months following the closing of the offering.
The syndicate of agents for the Regulation S offering is led by National Bank Financial and Dundee Securities Corp. and includes Mackie Research Capital.
The offering is expected to close on or around April 20.
Net proceeds will be used for further development, production and sales of the company's product lines and for general corporate purposes.
Catch the Wind is a Manassas, Va., capital pool company.
| Issuer: | Catch the Wind Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | At least C$5 million
|
| Price: | C$2.00
|
| Warrants: | Each whole warrant to purchase half of one common share
|
| Warrant expiration: | 24 months
|
| Warrant strike price: | C$2.20
|
| Agents: | National Bank Financial, Dundee Securities Corp., Mackie Research Capital
|
| Distribution: | Regulation S
|
| Pricing date: | March 29
|
| Settlement date: | April 20
|
| Stock symbol: | TSX Venture: CTW-S
|
| Stock price: | C$2.00 at close March 29
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
