Indiva Announces Private Placement Under the Listed Issuer Financing Exemption up to $4,000,000
LONDON, Ontario — Indiva Limited (TSXV:NDVA), a Canadian producer of cannabis edibles, is pleased to announce a private placement offering pursuant to the listed issuer financing exemption of a minimum of 20,000,000 units of the Company and a maximum of 40,000,000 Units, for minimum gross proceeds of $2,000,000 and maximum gross proceeds of $4,000,000. Each Unit consists of one common share in the capital of the Company and one-half Common Share purchase warrant. Each Warrant is exercisable into one Common Share at a price of $0.15 per Common Share for a period of 36 months from the date of issuance. The Warrants will be governed by the terms and conditions set forth in the certificates representing the Warrants. The Company shall be entitled to accelerate the expiry date of the Warrants to a period of thirty days if, for any ten consecutive trading days, the volume weighted average trading price of the Common Shares on the TSX Venture Exchange equals or exceeds $0.30. If an Acceler...