Brief: Cubicfarms Announces $15 mln Equity Financing To Support Global Growth

CubicFarm Systems

15/12/2020 20:37

Dec 15 (Reuters) - CubicFarm Systems Corp  CUB.V :
    * CUBICFARMS ANNOUNCES $15,000,000 EQUITY FINANCING TO
SUPPORT
GLOBAL GROWTH
    * CUBICFARM SYSTEMS CORP - UNDERWRITERS HAVE AGREED TO
PURCHASE,
ON A "BOUGHT DEAL" BASIS, 11.1 MILLION COMMON SHARES AT PRICE OF
C$0.90 PER COMMON SHARE
    * CUBICFARM SYSTEMS - INTENDS TO ENTER INTO SUBSCRIPTION
AGREEMENT
WITH EXISTING SHAREHOLDER HARRY DEWIT, CEO, PRESIDENT OF BLUE
SKY FARMS
    * CUBICFARM SYSTEMS -  BLUE SKY FARMS WILL PURCHASE COMMON
SHARES
ON PRIVATE PLACEMENT BASIS AT ISSUE PRICE FOR GROSS PROCEEDS TO
CO OF UP TO $5 MILLION

Source text for Eikon:  ID:nGNXbPCNZz 
Further company coverage:  CUB.V 

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