Brief: Ceres Global Ag Announces Proposed Private Placement

Ceres Global Ag

20/09/2019 12:06

Sept 20 (Reuters) - Ceres Global Ag Corp  CRP.TO :
    * CERES GLOBAL AG CORP. ANNOUNCES PROPOSED PRIVATE PLACEMENT
    * CERES GLOBAL AG  - INTENDS TO SELL, ON A NON-BROKERED
PRIVATE
PLACEMENT BASIS, 2.8 MILLION COMMON SHARES OF COMPANY AT A PRICE
OF $4.53/SHARE
    * CERES GLOBAL AG CORP - PROCEEDS FROM PRIVATE PLACEMENT
WILL BE
USED INITIALLY TO REPAY DEBT INCURRED IN CONNECTION WITH
INVENTORY FINANCING
    * CERES GLOBAL AG - VN CAPITAL HAS AGREED TO A STANDSTILL
AGREEMENT FOR A PERIOD OF 18 MONTHS FROM CLOSING OF PRIVATE
PLACEMENT

Source text for Eikon:  ID:nCNWYq0dKa 
Further company coverage:  CRP.TO 

 ((Reuters.Briefs@thomsonreuters.com;))