Mr. Tyler Lewis reports
RIGHT SEASON ANNOUNCES UP TO $2 MILLION NON-BROKERED PRIVATE PLACEMENT
Right Season Investments Corp. proposes to complete a non-brokered private placement of up to
2,173,913
units of the company at a price of 92 cents per unit, for gross proceeds of up to $2-million. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder, on exercise, to purchase one share for a period of 48 months following the closing date of the offering at the exercise price of $1.15 per share.
Net proceeds from the offering will be used
to pursue potential investment opportunities
and
for
general working capital purposes.
In connection with the offering, the company may pay finders' fees and/or issue finders' warrants on the same terms as the warrants, to eligible parties which have assisted by introducing subscribers to the offering.
The company will issue common shares of the company to Amalfi Corporate Services Ltd., an arm's-length third party, equal to 1 per cent of the aggregate units issued, in consideration for administrative services rendered in support of the offering.
All securities to be issued in connection with the offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws and, as applicable, the TSX Venture Exchange hold period. Completion of the offering remains subject to the approval of the TSX Venture Exchange. The units will be offered pursuant to exemptions from the prospectus requirements.
About Right Season Investments Corp.
We seek Safe Harbor.
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