TSX-V: ANTI.P
VANCOUVER, Feb. 15, 2019 /CNW/ - Antera Ventures I
Corp. (the "Company") is pleased to
announce that it has entered into an agreement with Haywood
Securities Inc. (the "Agent") for the sale, on a
commercially reasonable efforts private placement basis, of up to
3,636,363 common shares (the "Common Shares") of the Company
at a price of $0.11 per Common Share
for gross proceeds of up to $400,000
(the "Offering").
The Agent will be granted an over-allotment option, exercisable
in whole or in part up until forty-eight hours prior to the closing
date of the Offering (the "Closing Date"), to offer for sale
up to an additional $100,000 of
Common Shares sold pursuant to the Offering (the "Over-Allotment
Option").
In connection with the Offering, the Agent will be entitled to
receive cash commissions equal to 9.0% of the aggregate gross
proceeds of the Offering.
Net proceeds from the Offering, including any proceeds received
upon the exercise of the Over-Allotment Option granted to the
Agent, are expected to be used to fund the search for a Qualifying
Transaction (as defined under Policy 2.4 of the TSX Venture
Exchange ("TSXV")) and for working capital and for general
corporate purposes.
Completion of the Offering is subject to certain conditions,
including the approval of the TSXV. All securities issued in
connection with the Offering will be subject to a four-month hold
period in accordance with applicable Canadian securities laws.
About Antera Ventures I Corp.
The Company is designated as a Capital Pool Company under TSXV
Policy 2.4. The Company has not commenced commercial
operations and has no assets other than cash. The purpose of
the Offering is to provide the Company with additional funds to
identify and evaluate businesses or assets with a view to
completing a Qualifying Transaction. Any proposed Qualifying
Transaction must be approved by the TSXV and, in the case of a
non-arm's length Qualifying Transaction, must also receive majority
approval of the minority shareholders. Until the completion
of a Qualifying Transaction, the Company will not carry on any
business other than the identification and evaluation of businesses
or assets with a view to completing a proposed Qualifying
Transaction.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of the securities in the
United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
The information in this news release includes certain
information and statements about management's view of future
events, expectations, plans and prospects that constitute forward
looking statements. These statements are based upon assumptions
that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of
factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and
indicated by these forward looking statements. Forward-looking
statements in this news release include, but are not limited to,
the approval of the TSXV for the Offering and the ability of the
Company to complete a Qualifying Transaction. Any number of factors
could cause actual results to differ materially from these
forward-looking statements as well as future results. Although the
Company believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the
expectations of any forward looking statements will prove to be
correct. Except as required by law, the Company disclaims any
intention and assumes no obligation to update or revise any forward
looking statements to reflect actual results, whether as a result
of new information, future events, changes in assumptions, changes
in factors affecting such forward looking statements or
otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Antera Ventures I Corp.