|
| Home : Millennial Esports Corp. Arranges Non-Brokered Private Placement |
|
Mar 21
2017 |
Millennial Esports Corp. Arranges Non-Brokered Private Placement |
|
LAS VEGAS, NEVADA--(Marketwired - March 20, 2017) - Millennial Esports Corp. ("Millennial Esports" or the "Company") (TSX VENTURE:GAME) is pleased to announce it has arranged a non-brokered private placement of up to 13,333,333 units (the "Units") at a price of $0.15 per Unit (the "Offering") for gross proceeds of up to $2,000,000. Each Unit will consist of one common share of the Company (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional share of the Company for a period of two years from the date of issuance at a price of $0.20 per share. In the event that the Company's shares trade at a closing price of greater than $0.40 per share for a period of 30 consecutive trading days at any time commencing 11 months after the closing of the Offering, the Company may accelerate the expiry date of the Warrants by providing notice to the shareholders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=2203968&sourceType=3 |
| |
|
Related News
|
» Aphria Exercises Warrants for Gross Proceeds of $1.3 Million to Further Fund Tetra's Clinical Trials
» Pengrowth Reaches Agreement to Sell North Central Alberta Properties for $180 Million
|
|
|
