CANNABIS WHEATON INCOME CORP. ("CBW")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: October 10, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 6, 2017:
Convertible Debenture $30,000,000
Conversion Price: Convertible into units consisting of 30,000,000 common share and 15,000,000 common share purchase warrant at $1.00 of principal outstanding with an expiry date of June 29, 2019.
Maturity date: June 29, 2019
Warrants Each warrant will have a term of two years from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of $1.50 for two years.
Interest rate: 6% per annum
Number of Placees: 17 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
MMCAP International Inc. Y 20,472,000
(Matthew Maclsaac)
Aggregate Pro Group Involvement P
Finder's Fee: $2,099,250 cash and 2,099,250 warrants payable to Mackie Research Capital Corporation.
Finder's fee warrants are exercisable at $1.00 per share for two years.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. 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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