Jacob helps fund HVAC system at THC medical marijuana growing facility
By Devika Patel
Knoxville, Tenn., Jan. 28 – Matica Enterprises Inc. said it has arranged a C$1 million private placement of units. Jacob Securities Inc. is the agent.
The company will sell units of one common share and one warrant at C$0.08 per unit on a best-efforts basis.
Each three-year warrant will be exercisable at C$0.15, which is a 114.29% premium to the Jan. 27 closing share price of C$0.07.
Settlement is expected on Feb. 20.
Proceeds will be used for the delivery and installation of an HVAC system at the THC medical marijuana growing facility.
The Toronto company plans to become a licensed marijuana producer.
| Issuer: | Matica Enterprises Inc.
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| Issue: | Units of one common share and one warrant
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| Amount: | C$1 million
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| Price: | C$0.08
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| Warrants: | One warrant per unit
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| Warrant expiration: | Three years
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| Warrant strike price: | C$0.15
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| Agent: | Jacob Securities Inc.
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| Pricing date: | Jan. 28
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| Settlement date: | Feb. 20
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| Stock symbol: | CNSX: MMJ
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| Stock price: | C$0.07 at close Jan. 27
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