RAZOR ENERGY CORP. ("RZE") ("RZE.WT")
BULLETIN TYPE: Rights Offering-Units, New Listing-Warrants
BULLETIN DATE: June 19, 2023
TSX Venture Tier 1 Company
Rights Offering-Units
Further to TSX Venture Exchange (the "Exchange") bulletin dated May 11, 2023, and expiry of the Company's Rights Offering on June 7, 2023, the Exchange has accepted for filing the Rights Offering pursuant to which 5,014,821 Units were issued at a purchase price of $0.80 plus 2.022 Rights exercised per Unit.
In connection with the Rights Offering, the Company issued 5,000,000 Units to a non-arm's length party pursuant to the Company's rights offering stand-by purchase agreement dated May 1, 2023.
Each Unit consists of 1 common share and 1 transferable share purchase warrant ("Warrant"). Each Warrant and $1.20 entitles the buyer to purchase 1 common share of the Company for up to a 5-year period from the date of issuance.
New Listing-Warrants
Effective at the opening Wednesday, June 21, 2023, the warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as a 'Oil and Gas Production and Exploration' company.
Corporate Jurisdiction: Alberta
Capitalization: 12,500,000 warrants, authorized by a warrant indenture dated June 16, 2023 of which 10,014,821 warrants are issued and outstanding
Transfer Agent: Alliance Trust Company
Trading Symbol: RZE.WT
CUSIP Number: 75525M 15 8
Further to the bulletin dated May 11, 2023 and June 7, 2023, the warrants were issued pursuant to a Rights Offering. Each Warrant entitles the holder to purchase one Share of the Company at a price of $1.20 per Share and will expire at 4:30 pm (Calgary time) on June 16, 2028.
For further information, please refer to the Company's news releases dated May 1, 2023, May 8, 2023 and June 19, 2023.
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