http://www.marketwired.com/press-release/...x-venture-cbw-2218041.htmCannabis Wheaton Announces Revised Offering Size and Expanded Syndicate
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 23, 2017) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO UNITED STATES
Cannabis Wheaton Income Corp. (TSX VENTURE:CBW) ("Cannabis Wheaton" or the "Company") is pleased to announce that it has entered into a revised engagement letter with Eight Capital and Canaccord Genuity Corp. (the "Co-Lead Agents") on behalf of a syndicate of agents consisting of Cormark Securities Inc., Haywood Securities Inc. and Mackie Research Capital Corporation (together with the Co-Lead Agents, the "Agents") to revise the size of its previously announced best efforts private placement of Special Warrants and Convertible Debenture Units, from up to $50,000,000 in aggregate to up to $80,000,000 in aggregate plus a 15% over-allotment option that can be exercised by the Agents (the "Revised Offering").
Chuck Rifici commented, "We are gratified by the enthusiastic response that has greeted this offering from institutional and retail investors.
The team is very excited to begin building its businesses alongside its unique and top-tier partners across the country.
This fundraising underpins the first stage of the transformative LP2.0 platform that Cannabis Wheaton brings about."
The Revised Offering will consist of "Special Warrants" and "Convertible Debenture Units" as more particularly described in the Company's previous press release:
http://www.marketwired.com/press-release/...-venture-cbw-2217872.htm.The Revised Offering is expected to close on or about June 21, 2017, subject to a number of customary closing conditions, including TSX-V approval, negotiation of definitive closing documents, due diligence and the absence of a material adverse change.
ON BEHALF OF THE BOARD
Chuck Rifici, Chairman & CEO
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