Deal sells 140,000 units of one share, two warrants at $0.20 per unit
By Devika Patel
Knoxville, Tenn., May 19 – Brisset Beer International Inc. completed a $28,000 fully subscribed private placement of units with two investors on May 15, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 140,000 units of one common share and two warrants at $0.20 per unit. The A warrant is exercisable at $0.25 until May 6, 2020, and the B warrant is exercisable at $0.30 until May 6, 2020.
Formerly known as Buckeye Oil & Gas, Inc., Montreal-based Brisset Beer brews, distributes and markets craft-brewed beer in Canada. The company intends to distribute its product under the brand name “Broken 7.”
| Issuer: | Brisset Beer International Inc.
|
| Issue: | Units of one common share and two warrants
|
| Amount: | $28,000
|
| Units: | 140,000
|
| Price: | $0.20
|
| Warrants: | Two warrants per unit
|
| Warrant expiration: | May 6, 2020
|
| Warrant strike prices: | $0.25 (A), $0.30 (B)
|
| Settlement date: | May 15
|
| Stock symbol: | OTCBB: BOIG
|
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