- good natured Products (GDNP) has closed a non-brokered private placement for gross proceeds of $6,561,000
- The company issued 16,402,500 warrants at an issue price of $0.40 per warrant
- Each warrant will be converted into one unit four months following the closing of the offering
- The net proceeds of the offering will be used primarily to fund the acquisition of FormTex Plastics Inc.
- good natured Products is focused on becoming North America’s leading earth-friendly plant-based products company
- good natured Products Inc. (GDNP) opened trading at C$0.42 per share
good natured Products (GDNP) has closed its previously announced non-brokered private placement for gross proceeds of $6,561,000.
The company issued 16,402,500 warrants at an issue price of $0.40 per warrant.
Each warrant will be converted into one unit four months following the closing of the offering. Each unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share for $0.52 for 24 months.
The warrants are subject to acceleration clause.
The net proceeds of the offering will be used primarily to fund the acquisition of FormTex Plastics Inc. The offering is subject to approval from the TSX Venture Exchange.
good natured Products is focused on becoming North America’s leading earth-friendly plant-based products company.
good natured Products Inc. (GDNP) opened trading at C$0.42 per share.
