BULLETIN V2024-0073
HIVE DIGITAL TECHNOLOGIES LTD. ("HIVE")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: January 8, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced on December 19, 2023:
Number of Special Warrants: 5,750,000 special warrants
Purchase Price: $5 per special warrant
Each special warrant entitles the holder to receive one unit of the Company upon the exercise of each special warrant. Each unit consists of one common share and one-half of one common share purchase warrant that is exercisable at a price of $6.00 per warrant share for a period of 3 years following closing. The special warrants are exercisable by the holders thereof at any time after the closing date. Refer to the news release for details on the conversion and penalty provisions.
Number of Placees: 14 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: NA NA
Aggregate Pro Group Involvement: NA NA
Agent's Fee: Stifel Nicolaus Canada Inc. received $862,500 cash and 172,500 broker's warrants, and Canaccord Genuity Corp. received $862,500 cash and 172,500 broker's warrants. Each broker warrant is exercisable to purchase one common share at an exercise price of $5 until December 28, 2026.
The Company issued a news release on December 28, 2023 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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