Sunniva Inc (SNNVF)

[PotterBanker]

Sunniva Inc. Announces Increase to Previously Announced Bought Deal Public Offering

https://www.newswire.ca/news-releases/sunniva-inc-announces-increase-to-previously-announced-bought-deal-public-offering-693705201.html

VANCOUVER, Sept. 19, 2018 /CNW/ - Sunniva Inc. ("Sunniva" or the "Company"), (CSE:SNN) (OTCQX:SNNVF) is pleased to announce that it has amended the terms of its previously announced bought deal offering of units (the "Units") of the Company (the "Offering"). Under the amended terms of the Offering, a syndicate of underwriters (the "Underwriters") co-led by Beacon Securities Limited ("Beacon") and Canaccord Genuity Corp. have agreed to purchase, on a bought deal basis, 3,800,000 Units at a price of $5.27 per Unit (the "Offering Price") for aggregate gross proceeds to the Company of $20,026,000. (All figures are in Canadian dollars unless otherwise stated).

Each Unit shall consist of one common share (a "Common Share") in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole warrant, a "Warrant") of the Company. Each whole Warrant shall entitle the holder thereof to acquire one Common Share at an exercise price per Common Share of $6.85 for a period of 24 months from the Closing Date (as defined below).