The Company issued 3,552,500 units (the 'Units') at a price of
All securities issued pursuant to the Offering are subject to a statutory hold period of four months plus one day which expires on
The net proceeds raised under the Offering will be used to fund the costs associated with the Company's ongoing change of business transaction (the 'COB Transaction') and for general working capital.
The Company did not pay any finder's fees pursuant to the Offering.
Certain directors of the Company acquired a portion of the Offering, and their participation (the 'Insider Participation') is considered to be a 'related party transaction' as defined under Multilateral Instrument 61-101 ('MI 61-101'). The Insider Participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.
About Great Quest
Contact:
Tel: 1-877-325-3838
Email: info@greatquest.com
Disclaimer for Forward-Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words 'estimate', 'belief', 'anticipate', 'intend', 'expect', 'plan', 'may' or 'should' and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the business plans of the Company and INCAJOU, the use of the proceeds of the Offering, the Offering, the Company's ongoing COB Transaction (the (including
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
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