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  • Eat Well Group (EWG) has announced plans for a private placement of warrants for gross proceeds of up to $5,000,000
  • The warrants, exercisable for one unit of the company, are priced at $0.55 and include one unit
  • Each unit consists of one common share and one-half of one common share purchase warrant
  • Each purchase warrant will entitle the holder to acquire one common share at an exercise price of $0.75 per share
  • Proceeds of the offerings will be used for M&A and general working capital
  • Eat Well Group is an investment company focused on companies in the agribusiness, food tech, plant-based and ESG sectors
  • Eat Well Investment Group Inc. (EWG) is down 1.61 per cent on the day, trading at C$0.61 per share at 12:40 pm ET

Eat Well Group (EWG) has announced plans for a private placement of warrants for gross proceeds of up to $5,000,000.

Research Capital Corp. will act as lead agent and sole bookrunner, on behalf of a syndicate of agents.

The warrants, exercisable for one unit of the company, are priced at $0.55 and include one unit.

Each unit consists of one common share and one-half of one common share purchase warrant.

Each purchase warrant will entitle the holder to acquire one common share at an exercise price of $0.75 per share, to be determined in the context of the market, for a period of 36 months following the closing of the offering.

The company has granted the agents a 15 per cent over-allotment option.

Proceeds of the offerings will be used for M&A and general working capital.

The agents will receive an aggregate cash fee equal to 7.0 per cent of the gross proceeds from the offering. The agents will also receive non-transferable compensation warrants equal to 7.0 per cent of the total number of Special Warrants under the Offering.

Eat Well Group will work to obtain the necessary approvals to list the shares issuable on the exercise of the warrants and compensation warrant units on the Canadian Securities Exchange.

Eat Well Group is an investment company focused on high-growth companies in the agribusiness, food tech, plant-based and ESG (environmental, social and governance) sectors.

Eat Well Investment Group Inc. (EWG) is down 1.61 per cent on the day, trading at C$0.61 per share at 12:40 pm ET.

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