Wildpack Announces Q3 2022 Financial Results and Closing of the Previously Announced US$1M Non-Brokered Private Placement - Seite 3
Wildpack has completed its non-brokered private placement (the "Private Placement") of 8,097,166 common shares in the capital of the Company (the "Shares") to Mr. Izhar Basha, the Chief Executive Officer of EHPlabs LLC, at an issue price of C$0.17 per share for gross proceeds of $1 million as previously announced in the Company's news release dated October 31, 2022.
The proceeds of the Private Placement are intended to be used for working capital in connection with the increased utilization resulting from a long-term packaging supply and manufacturing agreement entered into by the Company and EHPlabs LLC as previously announced in the Company's press release dated October 31, 2022. All Shares issued pursuant to the Private Placement are subject to a four month hold period under applicable Canadian securities laws and the policies of the TSXV. As previously announced, Mr. Basha will be joining the Board of Wildpack subject to certain corporate and TSXV approvals.
Earnings Webcast Event
Wildpack will host a webcast to discuss financial results for the third quarter ended September 30, 2022, today, with CEO, Mitch Barnard, CFO, Ryan Mason, and CGO, Thomas Walker. You can register for the webinar below.
Presentation Details:
Date: November 29, 2022
Time: 5pm EDT (2pm PST)
Registration: Online Registration
HAVE QUESTIONS? Management will be available to answer your questions following the presentation on the webinar platform. You may submit your question(s) beforehand in the registration form or by email: invest@wildpackbev.com.
Per: "Mitch Barnard"
Lesen Sie auch
Mitch Barnard
Chief Executive Officer and Director
For further information, please contact us at:
invest@wildpackbev.com
or
Elijah Clare
Vice President, Investor Relations
elijah@wildpackbev.com
Advisors
Fasken Martineau DuMoulin LLP is the legal advisor to Wildpack Beverage Inc.
Visit our investor website at:
https://investor.wildpackbev.com
About Wildpack
Wildpack is engaged in beverage manufacturing and packaging operating in the middle market by providing sustainable aluminum can filling, decorating, packaging, brokering, sleeve/label printing services, and logistics to brands throughout the United States. Wildpack currently operates indirectly through its wholly owned subsidiaries and out of six facilities in Baltimore, Maryland; Grand Rapids, Michigan; Atlanta, Georgia; Longmont, Colorado; Sacramento, California; and Las Vegas, Nevada with a focus on digital innovation and green ready-to-drink packaging. Wildpack commenced trading on the TSX Venture Exchange under the symbol "CANS" on May 19, 2021, and on the OTCQB® Venture Market under the symbol "WLDPF" on February 23, 2022.