The Village Farms has raised a million amount through their stock sales by several Canadian dollars. Also, the corporate has granted the Underwriter an over-allotment choice to purchase up to a further number of Offered Shares adequate to 15% of the Offered Shares sold under the Offering at the difficulty Price, exercisable in whole or part., by the Underwriter, at any time, and from time to time, up to 30 days from the closing of the Offering.
The end of the Offering is predicted to occur on or about March 24, 2020. It is subject to the completion of formal documentation and receipt of all necessary regulatory and stock market approval. The corporate intends to use internet proceeds of the Offering for capital and general corporate purposes.
The news revealed that The Offered Shares are going to be offered in each of the provinces of Canada, aside from Québec, under the Company’s base shelf prospectus dated June 20, 2019, as supplemented by a prospectus supplement dated today’s date which has been filed with the securities commission in each of the provinces of Canada, aside from Québec.
The Offered Shares can also be sold in such other jurisdictions because the Company and therefore the Underwriter may agree.
They also mentioned that the terms of the Offering are described within the Prospectus Supplement. The bottom Prospectus and, therefore, the Prospectus Supplement, and the U.S. Prospectus, contain essential detailed information about the corporate and, therefore, the Offering.
Prospective investors should read the Prospectus Supplement and accompanying Base Prospectus and the U.S. Prospectus, and consequently, the documents incorporated by reference therein before making an investment decision.
This news handout doesn’t constitute a suggestion to sell or the solicitation of a recommendation to shop for securities in any state or jurisdiction during which such offer, solicitation, or sale would be unlawful.