Wednesday, March 22, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
LiveMag
  • Home
  • World
  • Business
  • Videos
  • Health
    • Food
  • Sports
  • Entertainment
    • Literature
  • Travel
  • Fashion
    • Lifestyle
No Result
View All Result
  • Home
  • World
  • Business
  • Videos
  • Health
    • Food
  • Sports
  • Entertainment
    • Literature
  • Travel
  • Fashion
    • Lifestyle
No Result
View All Result
LiveMag
No Result
View All Result
Home Business

Christina Lake Closes Non-Brokered Non-public Placement of Unsecured Convertible Debentures

livemag by livemag
September 8, 2022
in Business
0
Christina Lake Closes Non-Brokered Non-public Placement of Unsecured Convertible Debentures
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


This part is

The content material on this part is equipped by GlobeNewswire for the needs of distributing press releases on behalf of its purchasers. Postmedia has not reviewed the content material.

by GlobeNewswire

Breadcrumb Path Hyperlinks

  1. GlobeNewswire

Writer of the article:

GlobeNewswire

Article content material

VANCOUVER, British Columbia, Sept. 07, 2022 (GLOBE NEWSWIRE) — Christina Lake Hashish Corp. (the “Firm” or “CLC” or “Christina Lake Hashish”) (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT: CLB) is happy to announce that it has closed a non-brokered personal placement of unsecured convertible debentures (the “Debentures”) within the principal quantity of CDN$810,000 (the “Providing”).

The Debentures will mature thirty-six (36) months from the date of issuance and bear curiosity on the fee of 15.0% each year, with such curiosity to be accrued on a month-to-month foundation and paid on a semi-annual foundation. Pursuant to the phrases of the Debentures, the subscribers might at any time previous to the Maturity Date convert the principal quantities of the Debentures and any accrued however unpaid curiosity into widespread shares of the Firm (“Frequent Shares“), at a worth of $0.15 per Frequent share.

Commercial 2

This commercial has not loaded but, however your article continues under.

Article content material

Financial Post Top Stories Banner

Monetary Put up Prime Tales

Signal as much as obtain the every day high tales from the Monetary Put up, a division of Postmedia Community Inc.

By clicking on the join button you consent to obtain the above e-newsletter from Postmedia Community Inc. It’s possible you’ll unsubscribe any time by clicking on the unsubscribe hyperlink on the backside of our emails. Postmedia Community Inc. | 365 Bloor Road East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Thanks for signing up!

A welcome e mail is on its approach. Should you do not see it, please test your junk folder.

The subsequent difficulty of Monetary Put up Prime Tales will quickly be in your inbox.

We encountered a problem signing you up. Please strive once more

Article content material

The Debentures (principal and curiosity) will probably be unsecured debt obligations of the Firm, and subsequently topic to current safety pursuits (as relevant) and permitted encumbrances. Every Debenture shall rank pari passu with all different Debentures, whatever the date of issuance.

In reference to the issuance of the Debentures, the Company issued an mixture of 405,000 bonus warrants (“Bonus Warrants”) to the subscribers of the Providing. Every subscriber obtained one half of 1 Bonus Warrant for every $1 subscribed beneath the Providing. Every Bonus Warrant is exercisable till December 31, 2024 to accumulate one further Frequent share per Bonus Warrant at an train worth of $0.20 per share. The Bonus Warrants are topic to an acceleration clause, whereby if the quantity weighted common worth of CLC’s Frequent Shares exceeds $0.40 per Frequent Share for a interval of 20 days, the Firm might speed up the expiry of the Bonus Warrants by offering discover to the holders.

Commercial 3

This commercial has not loaded but, however your article continues under.

Article content material

All securities issued pursuant to the Providing are topic to a statutory four-month and someday maintain interval from the date of issuance pursuant to relevant securities legal guidelines of Canada.

Proceeds from the Providing will probably be used to finance and repatriate the acquisition of processing tools and dealing capital to proceed the Firm’s ongoing obligations.

MI 61-101 Disclosure

Sure insiders of the Firm participated within the Providing for an mixture whole of $700,000 in Debentures. The participation by such insiders is taken into account a “related-party transaction” throughout the that means of Multilateral Instrument 61-101 – Safety of Minority Safety Holders in Particular Transactions (“MI 61-101”). The Firm has relied on exemptions from the formal valuation and minority shareholder approval necessities of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of associated get together participation within the placement as neither the truthful market worth (as decided beneath MI 61-101) of the subject material of, nor the truthful market worth of the consideration for, the transaction, insofar because it concerned the associated events, exceeded 25% of the Firm’s market capitalization (as decided beneath MI 61-101).

Commercial 4

This commercial has not loaded but, however your article continues under.

Article content material

The Firm didn’t file a fabric change report greater than 21 days earlier than the anticipated closing of the Providing as the small print of the participation therein by associated events of the Firm weren’t settled till shortly previous to closing of the Providing and the Firm wished to shut on an expedited foundation for sound enterprise causes.

About Christina Lake Hashish Corp.

Christina Lake Hashish is a licensed producer of hashish beneath the Hashish Act. It has secured a normal cultivation license and corresponding processing modification from Well being Canada (March 2020 and August 2020, respectively) in addition to a analysis and growth license (early 2020). Christina Lake Hashish’ facility consists of a 32-acre property, which incorporates over 950,000 sq. ft of out of doors develop house, workplaces, propagation and drying rooms, analysis services, and a facility devoted to processing and extraction. Christina Lake Hashish additionally owns a 99-acre plot of land adjoining its principal web site. CLC focuses its manufacturing on creating prime quality extracts and distillate for its B2B consumer
base with proprietary strains particularly developed for outside cultivation to boost extraction high quality.

Commercial 5

This commercial has not loaded but, however your article continues under.

Article content material

On behalf of Christina Lake Hashish Corp.:

“Mark Aiken”

Mark Aiken, CEO1

For extra details about CLC, please go to: www.christinalakecannabis.com

Jamie Frawley
Investor Relations and Media Inquiries
jamie@clcannabis.com

416-268-9432

THE CANADIAN SECURITIES EXCHANGE (“CSE”) HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSE’S REGULATION SERVICES PROVIDER.

This information launch incorporates statements which represent “forward-looking statements”, together with the anticipated use of the proceeds of the Providing, statements relating to the plans, intentions, beliefs and present expectations of the Firm with respect to the longer term enterprise actions and working efficiency of the Firm. The usage of any of the phrases “anticipate,” “proceed,” “estimate,” “count on,” “might,” “will,” “would,” “ought to,” “consider” and related expressions are meant to establish forward-looking statements. Though the Firm believes that the expectations and assumptions on which the forward-looking statements are primarily based are affordable, undue reliance shouldn’t be positioned on the forward-looking statements as a result of the Firm may give no assurance that they may show to be right. Since forward-looking statements handle future occasions and circumstances, by their very nature they contain inherent dangers and uncertainties. These statements communicate solely as of the date of this Information Launch. Precise outcomes may differ materially from these presently anticipated because of various components and dangers together with varied threat components mentioned within the Firm’s disclosure paperwork which will be discovered beneath the Firm’s profile on http://www.sedar.com. Ought to a number of of those dangers or uncertainties materialize, or ought to assumptions underlying the forward-looking statements show incorrect, precise outcomes might range materially from these described herein as meant, deliberate, anticipated, believed, estimated or anticipated. The Firm doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements besides as in any other case required by relevant regulation

_________________________________

1 Mr. Aiken is the performing CEO of the Firm and his appointment stays topic to Well being Canada Clearance in accordance with the Hashish Act.

Share this text in your social community

Commercial

This commercial has not loaded but, however your article continues under.

Feedback

Postmedia is dedicated to sustaining a energetic however civil discussion board for dialogue and encourage all readers to share their views on our articles. Feedback might take as much as an hour for moderation earlier than showing on the positioning. We ask you to maintain your feedback related and respectful. We’ve enabled e mail notifications—you’ll now obtain an e mail in case you obtain a reply to your remark, there’s an replace to a remark thread you comply with or if a person you comply with feedback. Go to our Group Pointers for extra data and particulars on regulate your e mail settings.



Source_link

You might also like

Virgin Orbit returning small team to prep for next rocket launch

S&P 500 gains on Wednesday as investors shake off Fed’s latest rate hike, bet on falling inflation

Banking stocks steady after Credit Suisse rescue as focus turns to Fed, US banks

Previous Post

The Nationwide Safety Implications of New Guidelines of the Highway for Cyber

Next Post

Classic accommodations that carry the Roaring Twenties to the 2020s

livemag

livemag

Related Posts

Virgin Orbit returning small team to prep for next rocket launch
Business

Virgin Orbit returning small team to prep for next rocket launch

by livemag
March 22, 2023
S&P 500 gains on Wednesday as investors shake off Fed’s latest rate hike, bet on falling inflation
Business

S&P 500 gains on Wednesday as investors shake off Fed’s latest rate hike, bet on falling inflation

by livemag
March 21, 2023
Banking stocks steady after Credit Suisse rescue as focus turns to Fed, US banks
Business

Banking stocks steady after Credit Suisse rescue as focus turns to Fed, US banks

by livemag
March 21, 2023
Hurricane Ian floods go away mess, insurance coverage questions behind
Business

IMF to assess Sri Lankan governance as part of $3B bailout

by livemag
March 21, 2023
Citigroup raises stake in Israel Discount Bank
Business

Citigroup raises stake in Israel Discount Bank

by livemag
March 21, 2023
Next Post
Classic accommodations that carry the Roaring Twenties to the 2020s

Classic accommodations that carry the Roaring Twenties to the 2020s

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Starting from zero – Gambian returning migrant counts cost of attempted Europe crossing — Global Issues

Starting from zero – Gambian returning migrant counts cost of attempted Europe crossing — Global Issues

March 18, 2023
Nordstrom Just Added Hundreds of 60% Off Sale Styles Starting at $8

Nordstrom Just Added Hundreds of 60% Off Sale Styles Starting at $8

January 24, 2023

Categories

  • Business
  • Entertainment
  • Fashion
  • Food
  • Health
  • Lifestyle
  • Literature
  • Reviews
  • Sports
  • Travel
  • Videos
  • World

Don't miss it

8 Tips to Make the Most of your Carnival in Cologne
Travel

8 Tips to Make the Most of your Carnival in Cologne

March 22, 2023
Russia Reluctantly Agrees to a Two-Month Extension — Global Issues
World

Russia Reluctantly Agrees to a Two-Month Extension — Global Issues

March 22, 2023
Mrunal Thakur shows her vulnerable side to fans: It’s ok to be naive and vulnerable
Entertainment

Mrunal Thakur shows her vulnerable side to fans: It’s ok to be naive and vulnerable

March 22, 2023
World Baseball Classic final: Japan beat defending champions USA 3-2 to win third title
World

World Baseball Classic final: Japan beat defending champions USA 3-2 to win third title

March 22, 2023
Family Of Victim Killed At GloRilla Concert Retains Attorney
Entertainment

Family Of Victim Killed At GloRilla Concert Retains Attorney

March 22, 2023
Vacation Outfits Based on the Weather
Fashion

Vacation Outfits Based on the Weather

March 22, 2023

LiveMag

Welcome to livemag The goal of livemag is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Categories

  • Business
  • Entertainment
  • Fashion
  • Food
  • Health
  • Lifestyle
  • Literature
  • Reviews
  • Sports
  • Travel
  • Videos
  • World

Site Links

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

Recent News

8 Tips to Make the Most of your Carnival in Cologne

8 Tips to Make the Most of your Carnival in Cologne

March 22, 2023
Russia Reluctantly Agrees to a Two-Month Extension — Global Issues

Russia Reluctantly Agrees to a Two-Month Extension — Global Issues

March 22, 2023

Copyright © 2022 Livemag.net | All Rights Reserved.

No Result
View All Result
  • Home
  • World
  • Business
  • Videos
  • Health
    • Food
  • Sports
  • Entertainment
    • Literature
  • Travel
  • Fashion
    • Lifestyle

Copyright © 2022 Livemag.net | All Rights Reserved.

What Are Cookies
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT