By Devika Patel
Knoxville, Tenn., Dec. 17 - Emergence Resort Canada Inc. said it plans a private placement of units to raise between C$5 million and C$7.5 million.
The company will sell between 10 million and 15 million units at C$0.50 apiece.
Each unit will consist of one share and one half-share warrant, with each whole warrant exercisable at C$0.75 for 18 months.
Based in Montreal, Emergence Resort Canada is a capital pool company.
| Issuer: | Emergence Resort Canada Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$5 million (minimum), C$7.5 million (maximum)
|
| Units: | 10 million (minimum), 15 million (maximum)
|
| Price: | C$0.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.75
|
| Pricing date: | Dec. 17
|
| Stock symbol: | TSX Venture: ERS.H
|
| Stock price: | C$0.36 at close Dec. 14
|
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