MGX Renewables Inc. Proclaims $3,000,000 Non-public Placement
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VANCOUVER, BC / ACCESSWIRE / September 13, 2019 / MGX Renewables Inc. (“MGXR” or the “Firm”) is happy to announce that it has organized a non-brokered personal placement (the “Non-public Placement”) for whole gross proceeds of as much as $3,000,000. The Non-public Placement will encompass as much as 14,285,714 items at worth of $0.21 per unit (every a “Unit”).
Every Unit shall consist of 1 (1) widespread share and one transferable share buy warrant (every a “Warrant”). The Warrants are exercisable for a interval of two (2) years at a worth of $0.25 within the first yr from the date of issuance and at a worth of $0.40 for the steadiness of the time period.
The Firm might pay finder’s charges along side the Non-public Placement as permitted by relevant securities legal guidelines and the principles of the CSE. All securities issued in respect of the Non-public…