Brokered Private Placement definition
Examples of Brokered Private Placement in a sentence
Each Brokered Unit is comprised of one common share and one warrant, with each warrant entitling the holder to purchase one additional common share at a price of $22.80 ($7.60 pre-share consolidation) per common share for a period of 5 years following the closing date of the Brokered Private Placement.
The Corporation issued Broker Warrants to the brokers in the February 2021 Brokered Private Placement.
Pursuant to the Brokered Private Placement, the Corporation issued 172,929,123 subscription receipts of the Corporation (“Subscription Receipts”) at a price of $0.05 per Subscription Receipt.
The Brokered Private Placement was undertaken by BMO Nesbitt Burns Inc.
In addition, the Agents received non-transferable common share purchase warrants equal to 6% of the number of Subscription Receipts issued under the Brokered Private Placement (each a “Broker Warrant”).