- Haviland Enviro Corp. (HEC.P) has completed its initial public offering
- The IPO, which was conducted in British Columbia, Alberta, Saskatchewan and Ontario, featured the issuance of 5,206,500 common shares
- The company issued the common shares at the price of $0.10 per common share, raising total gross proceeds of $520,650
- The company intends to use the net proceeds of the offering to complete a “qualifying transaction”
- The common shares of the company were expected to commence trading today on the TSXV
- Haviland Enviro Corp. was unchanged at $0.10 at 10:52 AM ET
Haviland Enviro Corp. (HEC.P) has completed its initial public offering.
The IPO, which was conducted in British Columbia, Alberta, Saskatchewan and Ontario, featured the issuance of 5,206,500 common shares.
The company issued the common shares at the price of $0.10 per common share, raising total gross proceeds of $520,650.
With the closing of the offering, the company now has a total of 12,606,500 common shares issued and outstanding, out of which 7,400,000 are currently held in escrow in accordance with the policies of the TSX Venture Exchange.
The company intends to use the net proceeds of the offering, in addition to the proceeds from prior sales of common shares, to identify and evaluate assets or businesses for acquisition with a view to completing a “qualifying transaction.”
At the closing of the offering, the company also granted stock options to directors and officers of the company to acquire up to an aggregate of 400,000 common shares. The options may be exercised any time prior to February 7, 2026, at a price of $0.10 per common share.
The common shares of the company were expected to commence trading today on the TSXV under the stock symbol “HEC.P” starting today.
Haviland Enviro Corp. is a capital pool company.
Haviland Enviro Corp. was unchanged at $0.10 at 10:52 AM ET.