Naturally Splendid Announces Proposed Private Placement Financing
09 Abril 2014 - 10:01PM
Marketwired
Naturally Splendid Announces Proposed Private Placement Financing
BURNABY, BRITISH COLUMBIA--(Marketwired - Apr 9, 2014) -
Naturally Splendid Enterprises (the "Company")
(FRANKFURT:50N)(TSX-VENTURE:NSP) is pleased to announce that its
board of directors have approved a proposed private placement
offering of a minimum of 2,500,000 units up to a maximum of
7,500,000 units (the "Units") at a price of $0.20 per Unit for
minimum gross proceeds of $500,000 and up to maximum gross proceeds
of $1,500,000 (the "Offering").
Each Unit will be comprised of one common share of Naturally
Splendid and one-half of one common share purchase warrant (each
whole share purchase warrant a "Warrant"), with each whole Warrant
entitling the holder to purchase one additional common share at
$0.30 per share for a period of two years from the date of the
issue. Naturally Splendid will have the right to accelerate the
expiry date of the Warrants if, at any time, the average closing
price of Naturally Splendid's common shares is equal to, or greater
than $0.40 for 10 consecutive trading days. In the event of
acceleration, the expiry date will be accelerated to a date that is
30 days after Naturally Splendid issues a news release announcing
that it has elected to exercise this acceleration right.
The Offering will be completed to "accredited investors"
pursuant to National Instrument 45-106 - Prospectus and
Registration Exemptions ("NI 45-106") and to existing security
holders pursuant to BC Instrument 45-534 - Exemption from
prospectus requirement from certain trades to existing security
holders ("BCI 45-534"). The Offering of securities pursuant to
45-534 is being made to existing security holders who held shares
of Naturally Splendid on April 7, 2014 (the "Record Date").
Naturally Splendid plans to use the gross proceeds of the
Offering as follows:
|
|
Minimum Gross Proceeds ($) |
Maximum Gross Proceeds ($) |
|
Equipment and Facilities |
100,000 |
250,000 |
|
Inventory Financing |
100,000 |
250,000 |
| US
and Canadian Regulatory Filings |
150,000 |
150,000 |
|
General Corporate Purposes |
150,000 |
850,000 |
|
Total |
500,000 |
1,500,000 |
In the event that Naturally Splendid receives subscriptions
above the maximum, Naturally Splendid will adjust the subscriptions
received on a pro-rata basis.
Subject to TSX Venture Exchange approval, Naturally Splendid may
pay finders a fee consisting of cash and warrants from the proceeds
of the proposed Offering.
Closing of the proposed Offering is subject to a number of
conditions, including receipt of all necessary corporate and
regulatory approvals, including approval of the TSX Venture
Exchange.
About Naturally
Splendid Enterprises Ltd.
Naturally Splendid's 100% owned NATERA™ line of hemp-based
superfood products are carried nationwide by Canada's leading
health food distributors and a network of retail stores across
Canada including major retailers and specialty stores. Naturally
Splendid's 100% owned "NATERA™" line of products includes natural
and flavored shelled hemp seeds as well as natural and flavored
hemp protein powders.
Naturally Splendid has an exclusive sales agreement to market
and distribute, in North America, the full complement of patent
pending, plant-based omega products created by Boreal Technologies.
The products include HempOmega™ and H2Omega™, as well as the
FlaxOmega™, CanolaOmega™, and ChiaOmega™ plant based omega
products. These novel products utilize microencapsulation and
liposome technologies and are available in both a powder format and
an aqueous solution for increased flexibility in ingredient
applications and stand-alone products.
For more information e-mail info@naturallysplendid.com or call
604-559-8051.
On Behalf of the Board of Directors
J. Craig Goodwin, CEO, Director
Forward-Looking Statements
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions and expectations. They are
not guarantees of future performance. Naturally Splendid cautions
that all forward looking statements are inherently uncertain and
that actual performance may be affected by a number of material
factors, many of which are beyond Naturally Splendid's control.
Such factors include, among other things: risks and uncertainties
relating to Naturally Splendid's ability to complete proposed
private placement financing. Accordingly, actual and future events,
conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the
forward looking information. Except as required under applicable
securities legislation, Naturally Splendid undertakes no obligation
to publicly update or revise forward-looking information.
NEITHER 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.
Naturally Splendid Enterprises Ltd.(604) 559-8051(604)
570-0934info@naturallysplendid.comwww.naturallysplendid.com
Naturally Splendid Enter... (TSXV:NSP)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Naturally Splendid Enter... (TSXV:NSP)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
