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Burcon NutraScience Corp.: BURCON ANNOUNCES RIGHTS OFFERING
DGAP-News: Burcon NutraScience Corp. / Key word(s): Miscellaneous
Burcon NutraScience Corp.: BURCON ANNOUNCES RIGHTS OFFERING
25.10.2016 / 10:40
The issuer is solely responsible for the content of this announcement.
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Burcon NutraScience Corp.: BURCON ANNOUNCES RIGHTS OFFERING
25.10.2016 / 10:40
The issuer is solely responsible for the content of this announcement.
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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
BURCON ANNOUNCES RIGHTS OFFERING
Vancouver, British Columbia, October 24, 2016 - Burcon NutraScience
Corporation (TSX:BU, NASDAQ:BUR) ("Burcon") is pleased to announce that it
will be offering rights (the "Rights Offering") to holders of its common
shares ("Common Shares") of record at the close of business on November 3,
2016 (the "Record Date"). Pursuant to the Rights Offering, each holder of
Common Shares will receive one transferable right (a "Right") for each
Common Share held. Every 18 Rights will entitle a holder to purchase one
Common Share at a price of $2.58 (the "Subscription Price"). The
Subscription Price is equal to approximately an 18.5% discount to the
volume weighted average trading price of the Common Shares on the Toronto
Stock Exchange (the "TSX") for the 5 day period ending on October 20, 2016.
A maximum of 1,990,708 Common Shares will be issued pursuant to the Rights
Offering, representing approximately 5.6% of the currently issued and
outstanding Common Shares. The Rights Offering will be conducted in Canada
only and in those jurisdictions where Burcon may lawfully offer the Rights.
No fractional Common Shares will be issued.
A Rights Offering notice (the "Notice"), together with a Rights
certificate, will be mailed to registered holders of Common Shares as of
the Record Date. Full details of the Rights Offering, including information
regarding the distributions of the Rights and the procedures to be
followed, are included in the Rights Offering circular, which will be filed
today, together with the Notice, under Burcon's profile on SEDAR at
www.sedar.com. To subscribe for Common Shares, a completed Rights
certificate, together with payment in full of the Subscription Price for
each Common Share subscribed for, must be received by the subscription
agent for the Rights Offering, Computershare Investor Services Inc., prior
to the expiry of the Rights at 5:00 p.m. (Toronto time) on November 30,
2016. Shareholders who own their Common Shares through an intermediary,
such as a bank, trust company, securities dealer or broker, will receive
materials and instructions from their intermediary.
The Rights and the Common Shares issuable upon exercise of the Rights will
be listed on the TSX. The Rights will be listed for trading on the TSX
FOR DISSEMINATION IN THE UNITED STATES
BURCON ANNOUNCES RIGHTS OFFERING
Vancouver, British Columbia, October 24, 2016 - Burcon NutraScience
Corporation (TSX:BU, NASDAQ:BUR) ("Burcon") is pleased to announce that it
will be offering rights (the "Rights Offering") to holders of its common
shares ("Common Shares") of record at the close of business on November 3,
2016 (the "Record Date"). Pursuant to the Rights Offering, each holder of
Common Shares will receive one transferable right (a "Right") for each
Common Share held. Every 18 Rights will entitle a holder to purchase one
Common Share at a price of $2.58 (the "Subscription Price"). The
Subscription Price is equal to approximately an 18.5% discount to the
volume weighted average trading price of the Common Shares on the Toronto
Stock Exchange (the "TSX") for the 5 day period ending on October 20, 2016.
A maximum of 1,990,708 Common Shares will be issued pursuant to the Rights
Offering, representing approximately 5.6% of the currently issued and
outstanding Common Shares. The Rights Offering will be conducted in Canada
only and in those jurisdictions where Burcon may lawfully offer the Rights.
No fractional Common Shares will be issued.
A Rights Offering notice (the "Notice"), together with a Rights
certificate, will be mailed to registered holders of Common Shares as of
the Record Date. Full details of the Rights Offering, including information
regarding the distributions of the Rights and the procedures to be
followed, are included in the Rights Offering circular, which will be filed
today, together with the Notice, under Burcon's profile on SEDAR at
www.sedar.com. To subscribe for Common Shares, a completed Rights
certificate, together with payment in full of the Subscription Price for
each Common Share subscribed for, must be received by the subscription
agent for the Rights Offering, Computershare Investor Services Inc., prior
to the expiry of the Rights at 5:00 p.m. (Toronto time) on November 30,
2016. Shareholders who own their Common Shares through an intermediary,
such as a bank, trust company, securities dealer or broker, will receive
materials and instructions from their intermediary.
The Rights and the Common Shares issuable upon exercise of the Rights will
be listed on the TSX. The Rights will be listed for trading on the TSX
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