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     128  0 Kommentare Liquid Media Announces Closing of USD$4.0 Million Registered Direct Offering

    VANCOUVER, British Columbia, June 08, 2020 (GLOBE NEWSWIRE) -- Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”) (Nasdaq: YVR), today announced that it has closed the previously announced registered direct offering for the issuance and sale of an aggregate of 2,666,668 of its common shares, at a purchase price of USD$1.50 per share. Liquid Media has also issued to the investors unregistered warrants to purchase up to an aggregate of 1,333,334 of common shares in a concurrent private placement.

    H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

    The warrants have an exercise price equal to USD$1.88 per share, are exercisable immediately and will expire five years from the issuance date.

    The gross proceeds from the offering were approximately USD$4.0 million. The Company intends to use the net proceeds from the offering for working capital purposes, expanding existing businesses or acquiring or investing in businesses, debt reduction or debt refinancing, capital expenditures and other general corporate purposes.

    The common shares described above (but not the warrants or the common shares underlying the warrants) were offered and sold by the Company in a registered direct offering pursuant to a “shelf” registration statement on Form F-3 (Registration No. 333-237982), including an accompanying prospectus, previously filed with, and declared effective by, the Securities and Exchange Commission (the “SEC”) on May 15, 2020. The offering of the common shares only was made by means of a prospectus supplement that forms a part of the registration statement. A final prospectus supplement and accompanying prospectus relating to the registered direct offering was filed with the SEC and is available on the SEC's website located at http://www.sec.gov and under the Company’s profile at www.sedar.com. Electronic copies of the prospectus supplement and the accompanying prospectus may also be obtained by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at 646-975-6996 or e-mail at placements@hcwco.com.

    The warrants described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act"), and Regulation D promulgated thereunder and, along with the common shares underlying the warrants, have not been registered under the Act, or applicable state securities laws. Accordingly, the warrants and the underlying common shares may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws.

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    Liquid Media Announces Closing of USD$4.0 Million Registered Direct Offering VANCOUVER, British Columbia, June 08, 2020 (GLOBE NEWSWIRE) - Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”) (Nasdaq: YVR), today announced that it has closed the previously announced registered direct offering for the …