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| Home : Shogun Capital Corp. and International Cannabis Corp Announce Terms and Increase of Previously Announced Brokered Private Placement to $13,000,000 |
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Aug 23
2016 |
Shogun Capital Corp. and International Cannabis Corp Announce Terms and Increase of Previously Announced Brokered Private Placement to $13,000,000 |
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VANCOUVER, BRITISH COLUMBIA and MONTEVIDEO, URUGUAY--(Marketwired - Aug. 22, 2016) - Shogun Capital Corp. ("Shogun") (NEX:SHO.H) and International Cannabis Corp ("ICC") are pleased to announce the pricing terms and an increase in the size of the previously announced best efforts private placement (the "Offering") of subscription receipts ("Subscription Receipts") of ICC. Pursuant to the Offering, ICC will issue up to 32,500,000 Subscription Receipts at a price of Cdn.$0.40 per Subscription Receipt (the "Issue Price") to raise gross proceeds of up to Cdn.$13,000,000, an increase from the previously announced offering of up to Cdn.$6,500,000 in gross proceeds. The syndicate for the Offering is comprised of GMP Securities L.P. as lead agent and sole bookrunner and Mackie Research Capital Corporation (the "Agents"). |
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| Source:http://www.marketwired.com/mw/release.do?id=2152481&sourceType=3 |
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