AURORA CANNABIS INC. ("ACB")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 17, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced January 24, 2017:
Number of Shares: 33,337,500 shares
Purchase Price: $2.25 per share
Warrants: 16,668,750 share purchase warrants to purchase 16,668,750 shares
Warrant Exercise Price: $3.00 for a two year period
Number of Placees: 301 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
1613240 Ontario Ltd.
(Amy Stephenson) Y 5,000
Belot Business Consulting
(Neil Belot) Y 135,000
Chuck Rifici Holdings Inc.
(Chuck Rifici) Y 223,000
Lola Ventures
(Terry Booth) Y 224,600
Agent's Fee: $2,623,007.25 cash and 1,165,781 warrants payable to Canaccord Genuity Corp.
$419,681.25 cash and 186,525 warrants payable to Cormark Securities Inc.
$419,681.25 cash and 186,525 warrants payable to Mackie Research Capital Corporation
$419,681.25 cash and 186,525 warrants payable to Eight Capital
$314,761.50 and 139,894 warrants payable to GMP Securities L.P.
Agent's fee warrants are exercisable into units at $2.25 per unit for two years, these units are under the same terms as those to be issued pursuant to the private placement.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on February 28, 2017. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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