DELTA 9 CANNABIS INC. ("NINE") ("NINE.WT")
BULLETIN TYPE: Prospectus-Unit Offering, New Listing-Warrants
BULLETIN DATE: January 15, 2018
TSX Venture Tier 2 Company
Effective December 20, 2017, the Company's final short form prospectus dated December 20, 2017 qualifying for distribution 7,410,000 Units of the Company, was filed with and accepted by TSX Venture Exchange (the "Exchange"), and filed with and receipted by the Manitoba and Ontario Securities Commissions. Under Multilateral Instrument 11-102 - Passport System the prospectus is deemed to have been filed with and receipted by the securities regulators for each of the British Columbia, Alberta, Saskatchewan, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador Securities Commissions.
The Exchange has been advised that the closing of the offering occurred on December 28, 2017, for gross proceeds of CDN$23,008,050.
Offering: 7,410,000 Units plus 1,111,500 over-allotment Units
Unit Price: CDN$2.70 per Unit. Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share at CDN$3.25 until expiry on June 28, 2020.
Underwriter(s): Canaccord Genuity Corp., PI Financial Corp., Beacon Securities Limited, Haywood Securities Inc. and Mackie Research Capital Corporation.
Underwriter(s) Commission: An aggregate of CDN$1,610,563.50 in cash and 596,505 broker warrants. Each broker warrant entitles the holder to acquire one common share at CDN$2.70 for a two year period.
Over-Allotment Option: The over-allotment was exercised in full to purchase an additional 1,111,500 Units.
Listing of Warrants:
Effective at the opening, Wednesday, January 17, 2018, the common share purchase warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as an 'Other Crop Farming' company.
Corporate Jurisdiction: British Columbia
Capitalization: 8,521,500 warrants are issued and outstanding
Transfer Agent: Computershare Trust Company of Canada
Trading Symbol: NINE.WT
CUSIP Number: 247754112
These warrants were distributed pursuant to the Company's Short Form Prospectus dated December 20, 2017. Each warrant entitles the holder to purchase one common share of the Company at a price of CDN$3.25 per share until expiry on June 28, 2020.
For further details, please refer to the Company's Short Form Prospectus dated December 20, 2017.
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