Good way to get 15 million dollars in the vault. keeps us out of debt.
-
2.3 million shares priced at 6.50 and the half warrant has no value unless the price of the stock is 8 bucks or higher.
-
NexTech AR Solutions Corp. (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29) (the "Company" or "NexTech"), is pleased to announce that its offering, previously announced on July 23, 2020 (the "Offering"), will be for an offering size of up to $15,000,000. The Offering will be conducted on an agency basis for the issuance of up to 2,307,692 units of the Company (the "Units") at a price of $6.50 per Unit. The Offering is being led by Mackie Research Capital Corporation as sole agent and sole bookrunner (the "Agent").
Each Unit shall be comprised of one common share in the capital of the Company (each a "Common Share") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant being a "Warrant"). Each Warrant is exercisable into one common share (each a "Warrant Share") at a price of $8.00 for a period of 24 months following the closing of the Offering, subject to an accelerated expiry if the volume-weighted average price of the Common Shares on the Canadian Securities Exchange (the "Exchange") (or such other stock exchange where the majority of the trading volume occurs) exceeds $11.00 for 15 consecutive trading days. At any time after such an occurrence, the Company may give written notice (via news release) to the holders of the Warrants that the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date.
