JACKPOT DIGITAL INC. ("JP") ("JP.RT")
BULLETIN TYPE: Rights Offering-Units
BULLETIN DATE: December 9, 2016
TSX Venture Tier 2 Company
The Company has announced it will offer to Shareholders of record on Thursday, December 15, 2016, Rights to purchase common shares of the Company. One (1) Right will be issued for each share held. One Rights and $0.01 are required to purchase one Unit, each Unit consisting of one common share and one Share Purchase Warrant. The rights offering will expire on Tuesday, January 17, 2017. One Share Purchase Warrant and $0.05 entitles the buyer to purchase one common share of the Company for five years from the date of closing of the rights offering. As at December 8, 2016 the Company had 155,996,550 common shares issued and outstanding.
Effective at the opening, Tuesday, December 13, 2016, the shares of the Company will trade Ex-Rights and the Rights will commence trading at that time on a 'when-issued basis'. The Company is classified as a 'Technology' company.
Summary:
Basis of Offering: One (1) Rights exercisable for One (1) Unit at $0.01 per Unit.
Record Date: December 15, 2016
Shares Trade Ex-Rights: December 13, 2016
Rights Called for Trading: December 13, 2016
Rights Trade for Cash: January 12, 2017 to January 17, 2017
- Trading in the rights shall be for cash for the three trading days preceding the expiry date.
Rights Expire: January 17, 2017 at 5:00pm Toronto time
January 12, 2017 - TO SETTLE - January 13, 2017
January 13, 2017 - TO SETTLE - January 16, 2017
January 16, 2017 - TO SETTLE - January 17, 2017
January 17, 2017 - TO SETTLE - January 17, 2017
Rights Trading Symbol: JP.RT
Rights CUSIP Number: 466391117
Subscription Agent and Trustee: Computershare Investor Services Inc.
Authorized Jurisdiction(s): All provinces and territories in Canada
A TSX Venture Exchange Bulletin will be issued to list and trade the Share Purchase Warrants upon expiry of the rights offering and evidence that satisfactory distribution has been filed with the Exchange.
For further details, please refer to the Company's Rights Offering Circular dated December 9, 2016.
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