ABcann Global Corp. (TSXV:ABCN) (OTC:ABCCF) announced this morning that it has filed and obtained a receipt for a final short form prospectus in respect of its previously announced bought deal public offering of units and 6.0% unsecured convertible debentures of the company.
ABcann intends to raise:
$40,250,000 CAD (11,500,000 Units at a price of $3.50 per Unit).
$30,000,000 CAD Aggregate Principal Amount of 6.0% Unsecured Convertible Debentures (30,000 Debentures at a price of $1,000 per Debenture).
20,000,000 Common Shares issuable on Conversion of 7.0% Unsecured Convertible Debentures in the Principal Amount of $30,000,000 CAD.
The Offering is expected to close on or about February 28, 2018 and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange.
The Prospectus was filed in each of the provinces of Canada except Québec and a copy of the Prospectus is available on SEDAR at www.sedar.com.