/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN
CANADA ONLY AND NOT INTENDED FOR
DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/
REGINA, July 3, 2019 /CNW/
- HTC Purenergy Inc. (TSXV: HTC) dba HTC Extraction
Systems ("HTC" or the "Company") announced today
that it has entered into a letter agreement with Canaccord Genuity
Corp., as sole bookrunner and lead underwriter on behalf of a
syndicate of underwriters (collectively, the
"Underwriters"), pursuant to which the Underwriters have
agreed to purchase, on a "bought deal" private placement basis,
15,000,000 units of the Company (the "Units") at a
price of C$1.00 per Unit (the
"Offering Price") for aggregate gross proceeds of
C$15 million (the
"Offering").
Each Unit will consist of one common share in the capital of the
Company (a "Common Share") and one-half of one common share
purchase warrant (each whole common share purchase warrant, a
"Warrant"). Each Warrant will be exercisable to acquire one
Common Share (a "Warrant Share") at an exercise price of
C$1.25 per Warrant Share for a period
of 36 months from the closing of the Offering.
The Underwriters will have an option (the "Underwriters'
Option"), but not an obligation, exercisable in whole or in
part at any time up to 48 hours prior to the closing of the
Offering, to increase the size of the Offering by up to an
additional 5,000,000 Units at the Offering Price for total gross
proceeds of C$20,000,000, if the
Underwriters' Option is exercised in full.
All securities issued or issuable under the Offering will be
subject to a statutory hold period lasting four months and one day
following the closing of the Offering.
The Offering is subject to certain conditions including, but not
limited to, the receipt of all necessary regulatory approvals,
including the approval of the TSX Venture Exchange. The Offering is
expected to close on or about July 25th,
2019.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE RELEASE.
HTC Purenergy corporate developments can be followed on
www.htcextraction.com and is traded under the symbol HTC
The securities being offered have not been, nor will they be,
registered under the United States Securities Act of 1933, as
amended and may not be offered or sold In the United States or to, or for the account of
benefit of, US persons absent registration or an applicable
exemption from the registration requirements. This news release
shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any
State in which such offer, solicitation or sale would be
unlawful.
This press release contains "forward-looking statements" or
"forward-looking information" (collectively referred to herein as
"forward-looking statements") within the meaning of applicable
securities legislation. Such forward- looking statements include,
without limitation, forecasts, estimates, expectations and
objectives for future operations that are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of HTC. Forward-looking statements are statements that are
not historical facts and are generally, but not always, identified
by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur or be achieved. This press release
contains forward-looking statements pertaining to, among other
things, the assumption that crops will yield viable amounts of hemp
for CBD oil extraction, that tolling agreements will be entered
into and synergies of the technologies will occur.
Forward-looking information is based on current expectations,
estimates and projections that involve a number of risks, which
could cause actual results to vary and in some instances to differ
materially from those anticipated by HTC and described in the
forward-looking information contained in this press
release.
Although HTC believes that the material factors, expectations
and assumptions expressed in such forward-looking statements are
reasonable based on information available to it on the date such
statements were made, no assurances can be given as to future
results, levels of activity and achievements and such statements
are not guarantees of future performance.
SOURCE HTC Purenergy Inc.
