LEXAGENE HOLDINGS INC ("LXG")
BULLETIN TYPE: Prospectus-Unit Offering
BULLETIN DATE: February 8, 2018
TSX Venture Tier 2 Company
Effective December 12, 2017 , the Company's Prospectus dated December 12 , 2017 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia, Ontario, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island and
Newfoundland and Labrador Securities Commission, pursuant to the provisions of the British Columbia, Ontario, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island and
Newfoundland and Labrador Securities Act.
TSX Venture Exchange has been advised that closing occurred on Jan 22, 2018, for gross proceeds of $ 5,397,640 (including $383,640 from exercise of the over-allotment option).
Underwriters: Canaccord Genuity Corp., PI Financial Corp. and Echelon Wealth Partners Inc
Offering: 4,693,600 units. Each Unit will consist of one common share in the capital of the Company (a "Unit Share") and one-half of one common share purchase warrant (a "Warrant").
Unit Price: $1.15 per unit
Warrant Exercise Price/Term: $1.45 per share for 36 months from closing.
Underwriters Fee: the Company has agreed to pay to the Underwriters a fee equal to 7% of the gross proceeds of the Offering and Compensation Options entitling the Underwriters to purchase that number of Common Shares as is equal to 7% of the total number of Units sold under the Offering (the "Underwriters' Shares"), at an exercise price per Underwriters' Share equal to the Offering Price for a period of 36 months from the Closing Date .
Further information on this transaction is available in the company's Prospectus offering dated Dec 12, 2017 and news releases dated from Dec. 19, 2017 to Jan. 22, 2018
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