PEEKABOO BEANS INC. ("BEAN")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 16, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced January 23, 2018:
Number of Shares: 2,983,333 shares
Purchase Price: $0.75 per share
Warrants: 1,491,666 share purchase warrants to purchase 1,491,666 shares
Warrant Exercise Price: $1.00 for a 24 month period, subject to acceleration if at any time during the term of the warrants the volume weighted average price of the Common Shares on the TSX-V is greater than CDN $1.25 over a period of 10 consecutive trading days.
Number of Placees: 54 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 796,667
[8 placees]
Agent's Fee: Canaccord Genuity Corp. and Gravitas Securities Inc. receive $178,999.98, 149,116 units with terms as above, and 238,666 non-transferable warrants, each exercisable for one share at a price of $0.75 for a 24 month period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on February 16, 2018. [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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