EMBLEM CORP. ("EMC") (?EMC.WT?) (?EMC.WT.A?) (?EMC.WT.B?)
BULLETIN TYPE: Prospectus-Unit and Debenture Offering, New Listing-Warrants
BULLETIN DATE: February 7, 2018
TSX Venture Tier 2 Company
Effective January 29, 2018, the Company?s (final) short form prospectus dated January 29, 2018 qualifying the distribution of 12,195,123 Units and $25,000,000 of 8.0% convertible unsecured debentures of the Company was filed with and accepted by TSX Venture Exchange (the ?Exchange?), and filed with and receipted by the Ontario Securities Commission. 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, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador Securities Commissions.
The Exchange has been advised that the closing of the offering occurred on February 2, 2018, for gross proceeds of CDN$53,750,001.55.
Offering: 12,195,123 Units plus 1,829,268 over-allotment Units; and
25,000 8% convertible unsecured debentures.
Offering Price: CDN$2.05 per Unit. Each Unit consists of one common share and one common share purchase warrant, with each warrant being exercisable into one common share at CDN$2.70 until expiry on February 2, 2020.
CDN$1,000 per debenture. Maturing on February 2, 2021, each debenture is convertible into common shares at CDN$2.30 principal amount per share until maturity.
Underwriter(s): Eight Capital, Canaccord Genuity Corp., Echelon Wealth Partners Inc. and GMP Securities L.P.
Underwriter(s) Commission: An aggregate of CDN$3,215,000 in cash and 786,585 broker warrants. Each broker warrant entitles the holder to acquire one unit at CDN$2.05 until February 2, 2020.
Over-Allotment Option: The over-allotment was exercised in full to purchase an additional 1,829,268 Units.
Listing of Warrants:
Effective at the opening, Thursday, February 8, 2018, the common share purchase warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as an `Industrial? company.
Corporate Jurisdiction: Canada
Capitalization: 14,810,976 warrants are issued and outstanding
Transfer Agent: Computershare Trust Company of Canada
Trading Symbol: EMC.WT.B
CUSIP Number: 29082J173
These warrants were issued under a warrant indenture dated February 2, 2018 pursuant to the Company?s short form prospectus dated January 29, 2018. Each warrant entitles the holder to purchase one common share of the Company at a price of CDN$2.70 per share until expiry on February 2, 2020.
For further details, please refer to the Company?s short form prospectus dated January 29, 2018.
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