By Devika Patel
Knoxville, Tenn., Oct. 24 - Brick Brewing Co. Ltd. said it will take in C$2.5 million in a non-brokered private placement of units.
The company will sell 5,208,334 units of one common share and one warrant at C$0.48 apiece. The warrants are exercisable at C$0.71 for five years.
There is a 10% greenshoe.
Brick Brewing, based in Waterloo, Ont., produces, sells, markets and distributes bottled and draft premium beer.
| Issuer: | Brick Brewing Co. Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$2.5 million
|
| Greenshoe: | C$250,000
|
| Units: | 5,208,334
|
| Price: | C$0.48
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.71
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 24
|
| Stock symbol: | Toronto: BRB
|
| Stock price: | C$0.55 at close Oct. 24
|
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