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Willow Biosciences Announces Exercise of Over-Allotment Option and Completion of Previously Announced Bought Deal Offering


Willow or the 
Company ) (TSX: WLLW) (TSX: WLLW.WT) (OTCQX: CANSF) is pleased to announce that it has closed its previously announced upsized bought deal offering of 17,424,800 common shares (the
Common Shares ) of the Company at a price of $1.65 per Common Share, which includes 2,272,800 Common Shares issued pursuant to the exercise in full of the over-allotment option, for aggregate gross proceeds of approximately $28.75 million (the
Offering ). Participation in the Offering was comprised primarily of existing cornerstone shareholders and new institutional buyside funds.
Net proceeds from the Offering are expected to be used to help access new markets for the Company s cannabinoid portfolio, expedite the commercialization of new cannabinoids, access additional manufacturing capacity, working capital and general corporate purposes. ....

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Willow Biosciences Inc closed its previously upsized bought deal offering for aggregate gross proceeds of approximately $28.75M after full exercise of over-allotment option

Willow Biosciences Inc closed its previously upsized bought deal offering for aggregate gross proceeds of approximately $28.75M after full exercise of over-allotment option
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Willow Biosciences Announces Exercise of Over-Allotment Option and [...]


19 febbraio 2021 17:28
Fonte: Adnkronos
#chimica-e-farmacia
VANCOUVER, BC, Feb. 19, 2021 /PRNewswire/  Willow Biosciences Inc. ( Willow or the  Company ) (TSX: WLLW) (TSX: WLLW.WT) (OTCQX: CANSF) is pleased to announce that it has closed its previously announced upsized bought deal offering of 17,424,800 common shares (the Common Shares ) of the Company at a price of $1.65 per Common Share, which includes 2,272,800 Common Shares issued pursuant to the exercise in full of the over-allotment option, for aggregate gross proceeds of approximately $28.75 million (the Offering ). Participation in the Offering was comprised primarily of existing cornerstone shareholders and new institutional buyside funds.
Net proceeds from the Offering are expected to be used to help access new markets for the Company s cannabinoid portfolio, expedite the commercialization of new cannabinoids, access additional manufacturing capacity, working capital and general corporate purpos ....

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