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| Home : GG North America Investments Limited Partnership Announces Acquisition of 5,000,000 Units of Terra Firma Capital Corporation |
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Aug 16
2017 |
GG North America Investments Limited Partnership Announces Acquisition of 5,000,000 Units of Terra Firma Capital Corporation |
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TORONTO, ONTARIO--(Marketwired - Aug. 15, 2017) - GG North America Investments Limited Partnership (the "Acquiror"), a member of the Great Gulf group of companies ("Great Gulf"), announced today that it has acquired an aggregate of 5,000,000 units ("Units") of Terra Firma Capital Corporation (the "Company") pursuant to a non-brokered private placement at a price of $0.65 per Unit, for an aggregate consideration of $3,250,000. Each Unit is comprised of one common share ("Common Share") and one Common Share purchase warrant ("Warrant") of the Company. Each Warrant is exercisable for one Common Share at a price of $0.85 per share for a period of 36 months from the date hereof. The 5,000,000 Common Shares acquired represent approximately 7.8% of the outstanding Common Shares of the Company, and the Warrants represent the right to acquire a further approximately 7.8% of the outstanding Common Shares of the Company. |
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| Source:http://www.marketwired.com/mw/release.do?id=2230402&sourceType=3 |
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