Appia Announces $4 Million Bought Deal Private Placement Financing

Appia Announces $4 Million Bought Deal Private Placement Financing

April 29, 2021 ( Source ) — Appia Energy Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I.F) (FSE: A0I.MU) (FSE: A0I.BE) (the “Company” or “Appia”) , is pleased to announce that it has entered into an agreement with Research Capital Corporation as sole underwriter and sole bookrunner (the “ Underwriter ”), whereby the Underwriter will purchase, on a bought-deal basis, securities of the Company (the “ Securities ”) for aggregate gross proceeds to the Company of $4,000,000 (the “ Offering ”). The Offering shall consist of a combination of: (i) units of the Company (each, a “ Unit “) at a price of $0.60 per Unit; and (ii) flow-through units of the Company (each, a “ FT Unit ”) at a price of $0.70 per FT Unit.

Each Unit shall consist of one common share of the Company (“ Common Share ”) and one Common Share purchase warrant (a “ Warrant […]

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