WDDMF - WeedMD amends bought deal equity financing

WeedMD (WDDMF) amended its earlier announced $17.5M bought deal financing with Eight Capital and Canaccord Genuity as joint bookrunners and co-lead underwriters.It now intends to issue 31.2M units (from earlier 21.3M) at $0.48/unit (vs. $0.82) for gross proceeds of $15M.Each unit comprises of one share and one-half of one share purchase warrant; warrant shall entitle the holder thereof to purchase one share at $0.60 for 2 years from offer close.Underwriters granted 30-day option to purchase additional 4.7M units; if option exercised, additional ~$2.25M will be raised.Net proceeds to be used for general corporate purposes.

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WeedMD amends bought deal equity financing