Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) on
Wednesday announced that it has closed its previously announced private
placement for aggregate gross proceeds of up to $1,882,000 at a price of C$0.54
per unit. According to the update, each unit consists of one issuer common share
and one half of one share purchase warrant. Holders of each whole warrant will
be entitled to acquire one Wildflower common share at a price of $0.85 for a
period of 24 months. Once resale restrictions have expired and upon the
company’s shares trading at or above a weighted average price of $1.50 for 20
consecutive trading days, Wildflower may give notice that the warrants will
expire 30 days from the date of such notice (in writing to warrant holders and
via a news release). The company intends to use the financing proceeds to fund
build out of its Washington state manufacturing capability to meet the
increasing demand for Wildflower products, as well as for general working
capital.
To view the full press release, visit http://ibn.fm/KYp6u
About Wildflower Brands
Wildflower Brands is a company headquartered in Vancouver
building reputable brands and quality products that incorporate the synergistic
effects of plants and their extracts. For more information, visit the company’s
website at www.WildflowerBrands.co
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment