- The Flowr Corporation Announces a CAD $20 million Private Placement led by Insiders & Fourth Quarter Earnings Date Flowr announces non-brokered private placement of convertible debenture units of $20 million, with ability to upsize to an aggregate of $25 million Continued support by management and insiders who commit in excess of $10 million, led by Chairman and CEO Group of major insiders
- The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (Flowr or the Company) announced a non-brokered private placement for gross proceeds of CAD$20,000,000 (the Offering), with the ability, at the Company’s discretion, to upsize the amount to an aggregate gross proceeds of CAD$25,000,000.
- Interest will, subject to TSX Venture Exchange (TSXV) approval, be paid annually in Common Shares and paid on December 31 of each year, with the last interest payment to be paid on the fourth anniversary of the Closing Date (the Maturity Date).
- Each Warrant entitles the holder thereof to acquire one Common Share (each, a Warrant Share) at an exercise price of $0.76 per Warrant Share (the Exercise Price) for a period of 36 months from the closing date (the Expiry Date).
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