Friday, February 14, 2020 9:12:49 PM
$12 million, payable in common shares of Halo ( “Halo Shares”) at a deemed price of $0.26 per Halo Share. Concurrent with signing the Agreement, Halo has issued 13,461,538 Halo Shares to High Tide (the “Deposit Shares”) as a deposit to secure the Transaction (such deposit being refundable in certain limited circumstances, including force majeure). In connection with entering into the Agreement, Halo has issued an aggregate of 2,307,692 Halo Shares as a finder fee to certain arm’s-length consultants of the Company.
They cant turn the spigots of dilution off.
GLTA & JMO
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