TGIFF - 1933 Industries announces C$3.5M bought deal private placement

1933 Industries (TGIFF) enters agreement with Canaccord Genuity Corp. pursuant to which the Lead Underwriter agrees to purchase, on a bought deal private placement basis, 31,820,000 units of the Company at a price of C$0.11/Unit for aggregate gross proceeds of C$3.5M.Each Unit consist of one common share and one common Share purchase warrant. Each Warrant will be exercisable to acquire one Common Share at an exercise price of C$0.16/Share for a period of 24 months from the closing of the Offering.Net proceeds of to be used for facility expansion and improvement and for general corporate purposes.The Underwriters will have the option, to purchase an additional 13,640,000 Units at the Issue Price to raise additional gross proceeds of up to C$1.5M.Closing date on or about March 4, 2021.

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1933 Industries announces C$3.5M bought deal private placement