LibertyStream Announces Closing of Non-Brokered Private Placement of Units
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“LibertyStream” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement of up to 25,000,000 units of the Company (each, a “Unit”) at a price of C$0.80 for aggregate gross proceeds of up to C$20,000,000 (the “Offering”).
Pursuant to the Offering, the Company issued 25,000,000 Units at a price of C$0.80 per Unit for aggregate gross proceeds of C$20,000,000.
Each Unit is comprised of one share of common stock in the capital of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable to purchase one additional Common Share at an exercise price of C$1.10 for a period of 24 months from the closing of the Offering.
