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

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 […]

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