Aphria Inc fka APHA

[Goodbuddy4863]

Aphria Inc. Announces $50 Million Bought Deal:

https://finance.yahoo.com/news/aphria-inc-announces-50-million-131201825.html

Aphria Inc. ("Aphria" or the "Company") (TSX VENTURE: APH) (APHQF) is pleased to announce that it has entered into an agreement with Clarus Securities Inc., on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 10,000,000 Common Shares (the "Common Shares") of the Company at a price of C$5.00 per Common Share (the "Offering Price") for aggregate gross proceeds to the Company of C$50,000,000 (the "Offering").

The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 1,500,000

Common Shares at the Offering Price, exercisable in whole or in part at any time for a period ending 30 days from the closing of the Offering. In the event the over-allotment option is exercised in full, the aggregate gross proceeds of the Offering will be C$57,500,000.

The Company expects that 80% of the net proceeds of the Offering will be allocated towards the currently unfunded portion of Part IV Expansion, with the balance being allocated towards strategic investments."

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Forgot to post this last week.

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$$$$ APHQF or APH $$$$