04:20:04 EDT Sun 27 Jul 2025
Enter Symbol
or Name
USA
CA



Gener8 Media Corp
Symbol GNR
Shares Issued 46,066,469
Close 2014-09-16 C$ 0.82
Market Cap C$ 37,774,505
Recent Sedar Documents

Gener8 Media arranges $3-million private placement

2014-09-16 18:30 ET - News Release

Mr. Rory Armes reports

GENER8 ANNOUNCES BROKERED PRIVATE PLACEMENT

Gener8 Media Corp. has reached an agreement with Canaccord Genuity Corp., the agent, to perform a brokered private placement. The private placement will be for up to four million units at a price of 75 cents per unit for gross proceeds of up to $3-million. Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder to acquire one common share at a price of $1 for a period of 18 months from the closing of the offering. The company has also granted the agent an overallotment option to sell up to an additional two million units at the issue price, exercisable by the agent 48 hours prior to the closing date.

Funds raised from the issuance of units are expected to be used for general working capital expenditures across all business units of the company. Upon closing of the previously announced transaction with Tianjin Fu Feng Da Movie & TV Technology Investment and Development Co. Ltd. (FFD), any additional funds raised pursuant to the offering are anticipated to be used for continued development and expansion of the company's Cumul8 and Reelhouse technologies. The units will be offered in Canada by way of private placement exemptions and in such other jurisdiction(s) Gener8 and the agent may agree on, in accordance with applicable law.

Closing of the private placement is anticipated to occur on or before Sept. 30, 2014, and is subject to the receipt of applicable regulatory approvals, including approval of the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus one day from the date of issuance.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.