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Eat Well Group Announces Up to $5,000,000 Marketed Private Placement of Special Warrants

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

VANCOUVER, British Columbia, Nov. 25, 2021 (GLOBE NEWSWIRE) -- Eat Well Investment Group Inc. (the “Company” or “Eat Well Group”) (CSE:EWG) (US:EWGFF) (FRA:6BC0) is pleased to announce that it has appointed Research Capital Corp. (the "Lead Agent") to act as lead agent and sole bookrunner, on behalf of a syndicate of agents (collectively, the "Agents"), in connection with a marketed private placement offering (the “Offering”) of special warrants of the Company (“Special Warrants”) priced in the context of the market, at an indicative price of $0.55 per Special Warrant, for gross proceeds of up to $5,000,000.

Each Special Warrant shall be exercisable, for no additional consideration at the option of the holder, into one unit of the Company (each, a “Unit”) with each Unit being comprised of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share (each, a “Warrant Share”) at an indicative exercise price of $0.75 per Warrant Share, to be determined in the context of the market, for a period of 36 months following the closing of the Offering.

The Company has granted the Agents an option to increase the size of the Offering by up to 15%, exercisable in the discretion of the Agents, in whole or in part, at any time up to 48 hours prior to the final closing date of the Offering.

The Company intends to use the net proceeds of the Offerings for M&A and general working capital.

As soon as reasonably practicable after the Closing (as defined herein), the Company will use its reasonable commercial efforts to prepare and file with each of the securities regulatory authorities in each of the provinces of Canada (except Quebec) in which the of Special Warrants are sold (the “Jurisdictions”) and obtain a receipt for, a preliminary short form prospectus and a final short form prospectus (the “Final Prospectus”), qualifying the distribution of the Units underlying the Special Warrants, in compliance with applicable securities law.

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Nachrichtenquelle: globenewswire
25.11.2021, 18:08  |  116   |   |   

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Disclaimer

Eat Well Group Announces Up to $5,000,000 Marketed Private Placement of Special Warrants NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES VANCOUVER, British Columbia, Nov. 25, 2021 (GLOBE NEWSWIRE) - Eat …

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