Appia Announces Closing of $5.75 Million Bought Deal Financing, Including Full Exercise of the Over-Allotment Option

May 19, 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 the closing of its previously announced “bought deal” private placement offering for aggregate gross proceeds of approximately $5,750,000 (the “ Offering “), including the full exercise of the over-allotment option. In connection with the Offering, the Company issued: (i) 5,782,333 units of the Company (each, a “ Unit “) at a price of $0.60 per Unit, and (ii) 3,258,000 flow-through units of the Company (each, a “ FT Unit “) at a price of $0.70 per FT Unit. The Offering was led by Research Capital Corporation as sole underwriter and sole bookrunner.

Each Unit consists of one Common Share of the Company (“ Common Share “) and one Common Share purchase Warrant (a “ Warrant “). Each FT Unit consists of […]

Click here to view original web page at investorintel.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.