Idaho Champion Announces Non-Brokered Private Placement up to $1.5 million
ACCESSWIRE
NOT FOR DISTRIBUTION TO DISSEMINATION IN THE UNITED STATES
Champion' or the '
Company'), is pleased to announce a non-brokered private placement of up to 10,000,000 units at a price of $0.15 per unit for gross proceeds of up to $1,500,000 (the '
Financing').
Each unit will consist of one (1) common share and one (1) non-transferable purchase warrant (a '
Warrant'). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.25 for a period of 48 months from the date of issue and will be subject to an acceleration clause whereby the Company may force exercise of the warrant any time before the end of the 48-month period if the Idaho Champion share price trades over $0.40 per share for 20 consecutive days.