James Bay Resources Limited Announces Closing of $300,000 Offering
James Bay Resources Limited (
CSE: JBR)
Offering ) of 3,000,000 units (
Units ) at a price of $0.10 per Unit, for aggregate gross proceeds of $300,000. Each Unit is comprised of one common share (a
Common Share ) and one Common Share purchase warrant (each a
Warrant ) in the capital of James Bay. Each Warrant is exercisable for a Common Share at a price of $0.15 for 2 years from the date of issuance.
The net proceeds from the Offering will be used to fund working capital.
The Common Shares and Warrants issued as Units pursuant to the Offering will be subject to a four month regulatory hold period commencing from the date of closing.
BB1 Acquisition Corp. Announces Dividend-in-Kind of Units of PlantExt Ltd.
BB1 or the
Dividend ) of 9.2 million units of PlantExt Ltd. (
PlantExt ) held by BB1 (
PlantExt Units )
pro rata to the holders of record of outstanding common shares in the capital of BB1 (the
Recipient Shareholders ) as of February 18, 2021 (the
Record Date ). The Dividend will be payable upon the earlier of either (i) PlantExt completing a going public transaction, or (ii) August 31, 2022.
The PlantExt Units were acquired by the Corporation in connection with a share exchange agreement between the Corporation and PlantExt, pursuant to which PlantExt agreed to reimburse BB1 an aggregate of CAD$125,000 for costs and expenses incurred by BB1 in connection with the terminated three-cornered amalgamation with PlantExt. Each PlantExt Unit is comprised of one common share in the capital of PlantExt (the
Toronto, Ontario (Newsfile Corp. - February 17, 2021) - BB1 Acquisition Corp. (TSXV: BBA.P) (the Company or BB1 ) and Cerrado Gold Inc. ( Cerrado ) are pleased to announce that the Company and Cerrado have completed the brokered private placement of subscription receipts ( Subscription Receipts ) led by Cormark Securities Inc. and Haywood Securities Inc. as the co-lead agents (the Co-Lead Agents ), and including Stifel Nicolaus Canada Inc. and H.C. Wainwright & Co., LLC (together with the Co-Lead Agents, the Agents ) for aggregate gross proceeds of $15,000,120 (the Financing ). The Financing was completed in connection with the proposed business combination (the Transaction ) between Cerrado and BB1 previously announced in press releases of BB1 dated August 4, 2020, December 2, 2020 and February 16, 2021, which Transaction is intended to constitute BB1 s Qualifying Transaction pursuant to Policy 2.4 of the TSX Venture Exchange
BB1 Acquisition Corp and Cerrado Gold Inc Announce Closing of Brokered Subscription Receipt Financing for Gross Proceeds of $15M in Connection with Qualifying Transaction finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
BB1 Acquisition Corp. and Cerrado Gold Inc. Announce Update to Brokered Private Placement in Connection with Qualifying Transaction with Cerrado Gold Inc.
BB1 or the
Corporation ) and Cerrado Gold Inc. (
Cerrado ) jointly announce that further to the news releases issued on August 4, 2020 and November 3, 2020, Cerrado has amended the terms of the subscription receipt financing the (
Amended Subscription Receipt Financing ) to be completed in connection with the Qualifying Transaction . In connection with the Amended Subscription Receipt Financing, Cerrado has terminated the agreement with the original syndicate of agents and negotiated a subsequent engagement letter dated February 1, 2021 (the
Engagement Letter ) with Cormark Securities Inc. and Haywood Securities Inc. as the co-lead agents (the