Offering sells 6,843,500 units of one share and one half-share warrant
By Devika Patel
Knoxville, Tenn., April 29 - Naturally Splendid Enterprises Ltd. said it settled a C$1.37 million private placement of units. The deal priced for between C$500,000 and C$1.5 million on April 10.
The company sold 6,843,500 units of one common share and one half-share warrant at C$0.20 per unit.
Each warrant is exercisable at C$0.30 for two years. The strike price represents a 3.23% discount to the April 9 closing share price of C$0.31.
Proceeds will be used for equipment and facilities, inventory financing, regulatory filings and general corporate purposes.
The Vancouver, B.C., company develops natural superfood product lines.
| Issuer: | Naturally Splendid Enterprises Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1,368,700
|
| Units: | 6,843,500
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Pricing date: | April 10
|
| Settlement date: | April 29
|
| Stock symbol: | TSX Venture: NSP
|
| Stock price: | C$0.31 at close April 9
|
| Market capitalization: | C$8.04 million
|
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