- Forbidden Spirits (VDKA) has commenced trading on the TSXV after closing its qualifying transaction
- The company raised concurrent financing of C$3,567,903
- It intends to use the proceeds to complete the amalgamation and for general working capital purposes
- CEO Blair Wilson spoke with Caroline Egan about becoming a public company
- Forbidden Spirits is a distillery licensed by the province of British Columbia specializing in gin, brandy, vodka and whisky
- Forbidden Spirits (VDKA) is up by 12 per cent and is currently trading at $0.28 per share
Forbidden Spirits (VDKA) has commenced trading on the TSXV after closing its qualifying transaction.
The company is listed as a Tier 2 issuer on the exchange.
The qualifying transaction was between Forbidden and Spartan Acquisition Corp. Forbidden now has an aggregate 56,977,511 resulting issuer shares.
The company raised concurrent financing of C$3,567,903 through the issuance of 11,893,011 subscription receipts priced at $0.30 each.
It intends to use the proceeds to complete the amalgamation and for general working capital purposes.
CEO Blair Wilson now holds 22.44 per cent of the company’s issued and outstanding shares.
Blair Wilson spoke with Caroline Egan about becoming a public company.
Forbidden Spirits is a distillery licensed by the province of British Columbia. Its brands include REBEL Vodka, Eve’s Original Gin, Adam’s Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka and Wallace Hill Whisky. In response to COVID-19, it has re-tooled its distillation plant to manufacture free Serpent Hand & Surface Sanitizer.
Forbidden Spirits (VDKA) is up by 12 per cent and is currently trading at $0.28 per share as of 10:19 am EST.