- CE Brands (CEBI) has closed a non-brokered private placement of senior secured convertible notes
- The company recently announced an increase in its existing credit facility with Choco-Up of US$2,250,000
- The company has therefore decided not to pursue the remaining contemplated C$2,000,000 of the offering
- Neither the convertible notes nor the warrants will be listed on the TSXV
- CE Brands Inc designs, develops and distributes smart consumer electronic products in partnership with leading manufacturers and iconic brands
- CE Brands Inc. opened trading at $0.24 per share
CE Brands (CEBI) has closed its non-brokered private placement of senior secured convertible notes for gross proceeds of C$1,000,000.
As a result of the previously announced increase in the company’s existing credit facility with Choco-Up providing up to US$2,250,000 of net proceeds to the company, CE Brands will not pursue the remaining C$2,000,000 of the offering.
The common shares are currently listed on the TSXV under the symbol CEBI. The company has received approval from the TSXV to list the common shares underlying the convertible notes and the common share purchase warrants issued under the offering on the TSXV.
Neither the convertible notes nor the warrants will be listed on the TSXV.
In accordance with the policies of the TSXV and applicable Canadian securities laws, the securities issued will be subject to a hold period expiring on September 26, 2022.
CE Brands Inc designs, develops and distributes smart consumer electronic products in partnership with leading manufacturers and iconic brands.
CE Brands Inc. opened trading at $0.24 per share.