LL One Inc. Announces Closing of Initial Public Offering
08 Août 2019 - 3:15PM
LL One Inc. (TSXV: LLO.P) (the "Corporation"), is pleased to
announce that it has completed its initial public offering (the
"Offering") today of 4,200,000 common shares ("Common Shares") at a
purchase price of $0.10 per Common Share, for gross proceeds to the
Corporation of $420,000.
The Corporation is a Capital Pool Company as
defined in the policies of the TSX Venture Exchange (the
"Exchange"). To date, the Corporation has not conducted operations
of any kind and has not entered into an "Agreement in Principle",
as such phrase is defined in Exchange Policy 2.4 – Capital Pool
Companies.
Haywood Securities Inc. (the "Agent") acted as
agent in connection with the Offering. For its services, the Agent
received an administrative fee, a cash commission equal to 10% of
the gross proceeds of the Offering as well as options to purchase
up to 420,000 Common Shares at an exercise price of $0.10 per
Common Share, exercisable within twenty-four months from the
listing of the Common Shares on the Exchange (the "Agent's Warrant
Shares").
Upon the closing of the Offering, there are
12,150,000 Common Shares issued and outstanding, of which 7,950,000
Common Shares are being held in escrow. In addition to the Agent's
Warrant Shares, the directors and officers of the Corporation were
granted options to purchase up to 1,215,000 Common Shares at an
exercise price of $0.10 per Common Share, exercisable within sixty
months from the date of the grant.
The Common Shares have been approved for trading
on the Exchange under the trading symbol "LLO.P". Trading will
begin on Thursday, August 8, 2019 on satisfaction of customary
conditions.
For more information, please contact:
Alan Gertner, CEOlloneincinfo@gmail.com(416)
777-5486
Neither the 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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION: This news release includes certain "forward-looking
statements" under applicable Canadian securities legislation.
Forward-looking statements include, but are not limited to,
statements with respect to the satisfaction of conditions and the
commencement of trading of the Corporation's common shares.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors that may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking statements. Such factors include but are not
limited to: general business, economic, competitive, political and
social uncertainties; delay or failure to receive shareholder or
regulatory approvals; and the results of continued development,
marketing and sales. There can be no assurance that such statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements.
The Corporation disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
LL One (TSXV:LLO.P)
Graphique Historique de l'Action
De Jan 2025 à Fév 2025
LL One (TSXV:LLO.P)
Graphique Historique de l'Action
De Fév 2024 à Fév 2025