VANCOUVER, BC, June 9, 2021 / CNW / – Wildpack Beverages Inc. (TSXV: CANS) (“Wildpack“or the”Company“) is pleased to announce that due to strong demand, it has entered into an agreement with Stifel Nicolaus Canada Inc. (“Stifel BPF“) as sole bookrunner and leader, to increase the size of his $ 15,000,000 binding offer to purchase (the “Original offer“) such that Stifel GMP will purchase 17,390 units of convertible debentures from the Company (the”Debenture units“), on a bought deal basis, at a price of $ 1,000 (the “Issue price“) per unit of debenture, for gross proceeds of $ 17,390,000 (the “Oversized offer“). The oversized offering will be completed in accordance with the filing of a simplified prospectus and subject to all required regulatory approvals. In addition, the Company will grant Stifel GMP an option (the”Over-allotment option“) to purchase up to 15% additional units of debentures (the”Optional debenture units“and collectively with the debenture units, the”Debenture units offered“) which may be exercised in whole or in part, at any time no later than the date falling 30 days after the closing date. If the over-allotment option is exercised in full, the total gross proceeds of the offer increased will be $ 20,000,000. With the exception of the increase in the number of Debenture Units offered to be issued as part of the Premium Offering, the terms of the Premium Offering will be identical to those of the Initial Offering.

As previously announced, each unit of debenture offered consists of (i) an 8% unsecured senior convertible debenture with a face value of $ 1,000 and convertible into ordinary shares of the Company (each a “Ordinary share“) at a conversion price of $ 1.51 per common share (the “Conversion price“) and expiring four years from the Closing Date (as defined below) (the”Convertible debentures“); and (ii) 332 warrants to purchase ordinary shares of the Company (the”Mandates“and, together with the Convertible Debentures, the”Underlying Securities“). Each warrant confers on its holder the right to purchase one common share at $ 1.81 per share for a period of two years following the closing date.

The debenture units offered will be offered by means of a simplified prospectus which will be filed in all the provinces of Canada (except Quebec). The Company intends to use the net proceeds of the Oversized Offer for strategic acquisitions, capital expenditures for capacity expansion, working capital and general corporate needs.

The Oversized Offer is expected to close on or around June 30, 2021 (the “Closing Date“). The oversized offering is subject to certain conditions, including, but not limited to, receipt of all necessary regulatory and market approvals, including the approval of the TSX Venture Exchange (the”TSXV“) and the relevant securities regulatory authorities.

The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in United States or to, or on behalf of or for the benefit of, United States persons in the absence of registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of securities in any state in which such an offer, solicitation or sale would be illegal.


By: “Mitch Barnard”

Mitch barnard
Chairman and CEO and Director

About Wildpack

Wildpack is engaged in the manufacturing and packaging of beverages, operating in the middle market by providing can filling and decorating services to brands around the world. United States. Wildpack currently operates indirectly through its subsidiaries and facilities in Baltimore, Maryland, Sacramento, California and Las Vegas, Nevada. Wildpack began trading on May 19, 2021 on the TSX Venture Exchange under the symbol “CANS.V”.

Forward-looking statements

This press release may contain “forward-looking statements” within the meaning of applicable Canadian securities laws, including, without limitation: our statements relating to the completion of the acquisition of the oversized offer and the use of the proceeds thereof. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate” , “expect”, “believe” or “continue”, or the negative of these or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to differ materially from the estimated future results, performance or achievements expressed or implied by such forward-looking statements and forward-looking statements. statements are not guarantees of future performance. Statements by Wildpack expressed or implied by such forward-looking statements are subject to a number of risks, uncertainties and conditions, many of which are beyond the control of Wildpack, and such statements should not be relied on unduly. Forward-looking statements are subject in their entirety to the risks and uncertainties inherent in the Oversized Offer, in particular: Wildpack’s assumptions regarding forward-looking statements may prove to be incorrect; unfavorable market conditions; risks inherent in the beverage manufacturing and packaging industry in general; that future results may differ from historical results; and competition in the markets where Wildpack operates. Unless required by securities law, Wildpack assumes no obligation to update or revise forward-looking statements, whether as a result of new information, events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Wildpack Boissons Inc.

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