CRAILAR TECHNOLOGIES INC. ("CL")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: August 27, 2014
TSX Venture Tier 2 Company
Prospectus-Share Offering:
Effective August 1, 2014, the Company's Short Form Prospectus (the 'Prospectus') dated August 1, 2014, was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia Securities Commission, pursuant to the provisions of the British Columbia Securities Act.
The TSX Venture Exchange has been advised that closing of the prospectus offering (the 'Offering') occurred on August 15, 2014, for gross proceeds of US$7,475,000.
Pursuant to the Offering, 14,950,000 common shares and 14,950,000 common share purchase warrants of the Company have been issued. The over allotment option was exercised in full. Each share purchase warrant entitles the holder to purchase one common share of the Company at a price of US$0.535 for five years.
Please refer to the Company's news releases issued on August 1, 2014 and August 18, 2014.
Underwriters: Roth Capital Partners, LLC and Wunderlich Securities, Inc. (the 'Underwriters')
Offering: 14,950,000 shares and 14,950,000 share purchase warrants
Unit Price: US$0.50 per Unit
Underwriters Fee: The Underwriters received a cash commission equal to 7% of the gross proceeds of the Offering.
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