On March 8, 2018, the Company announced that it had closed the first tranche of its $10,500,000 non-brokered private placement (the “Offering”). In connection there with, the Company issued
33,333,333 subscription receipts (each, a “Subscription Receipt”) at a price of $0.30 per Subscription Receipt for gross proceeds of $10,000,000 (the “Offering”). In the event that the Company completes the acquisition of Blockstrain Technology Corp. (the “Transaction”) on or before May 31, 2018 (the “Escrow Release Condition”), then each Subscription Receipt will be
automatically converted, for no additional consideration, into one common share in the capital of
the Company (each, a “Share”)
The Subscription Receipts and any Shares issued upon conversion thereof will be subject to a hold period
expiring four months and one day after the closing of the applicable tranche of the Offering. Cash finder’s
fees will be paid to certain finders following satisfaction of the Escrow Release Condition.
So
GRO3 INFORMATION
Love stocks that have; Revenues, No Toxic Debts & Innovative
project ambitions.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM