Captor Capital Announces Non-Brokered Private Placement

TORONTO, April 28, 2021 (GLOBE NEWSWIRE) — Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMVA; STUTTGART: NMVA), (“Captor” or the “Company”), one of the largest cannabis retail operators in Northern California, is pleased to announce that it has received irrevocable subscriptions in respect of a non-brokered private placement (the “Non-Brokered Offering”) of 12,485,072 units (“Units”) that will result in gross proceeds of C$11,860,818.40. Each Unit has a purchase price of C$0.95 and is comprised of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable to acquire one Common Share (a “Warrant Share”) at an exercise price of C$1.20 per Warrant Share for a period of 24 months from the closing. The Non-Brokered Offering is expected to be completed for all subscribers by April 30, 2021. The Company intends to use the proceeds of the Non-Brokered Offering for working capital and acquisitions, if suitable targets are identified.

Source: Captor
Captor Capital Announces Non-Brokered Private Placement

MJ Canada

Related News