|Delayed - 06/18 03:45:16 pm|
Adcore : Announces Pricing and Terms of Marketed Offering of Equity Units
|06/11/2021 | 09:15am|
/NOT FOR DISTRIBUTION TO
Pursuant to the Offering, the Company intends to issue 3,100,000 Units at a price of
The Units will be offered in each of the provinces and territories of Canada, other than
The Offering is being conducted through a syndicate of underwriters led by
The net proceeds from the Offering will be used for sales and marketing, research and development and general corporate purposes.
The Company has granted the Underwriters an option (the "Over-Allotment Option") to cover over-allotments and for market stabilization purposes, exercisable at any time up to 30 days subsequent to the closing of the Offering, to purchase up to an additional 465,000 on the same terms and conditions of the Offering. The over-allotment option will be exercisable to acquire Units, Common Shares and/or Warrants comprising the Units (or any combination thereof) at the discretion of the underwriters. If the Over-Allotment Option is exercised in full the total gross proceeds of the Offering will be
The Company will use commercially reasonable efforts to obtain the necessary approvals to list the Warrants on the
The closing of the Offering is expected to occur on or about
Copies of the Prospectus may be obtained on SEDAR at www.sedar.com and from
No securities regulatory authority has either approved or disapproved of the contents of this press release. The Units, Common Shares and Warrants have not been and will not be registered under the United States Securities Act of 1933, as amended (the "
Established in 2006, the Company employs over fifty people in its headquarters in
For more information about
This press release contains certain forward-looking statements, including statements about the Company, the terms of the offering, including the proposed closing date and the use of the net proceeds of the Offering. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
A more complete discussion of the risks and uncertainties facing the Company appears in the Preliminary Supplement and the Base Shelf Prospectus, and in the Company's Annual Information Form and other continuous disclosure filings, which are available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.
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