The company will offer to shareholders of record at Wednesday, June 27, 2018, rights to purchase units of the company. One right will be issued for each share held, where 1.8 rights and 18 cents are required to purchase one unit, each unit consisting of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase an additional common share until the date that is two years from the closing of the rights offering at an exercise price of 25 cents per common share. The rights offering will expire on July 25, 2018. As at June 20, 2018, the company had 23,477,033 shares issued and outstanding.
Effective at the opening, Tuesday, June 26, 2018, the common shares of the company will trade ex rights and the rights will commence trading at that time on a when-issued basis.
Summary
Basis of offering: 1.8 rights exercisable for one unit at 18 cents per unit
Record date: June 27, 2018
Shares trade ex rights: June 26, 2018
Rights called for trading: June 26, 2018
Rights trade for cash: July 23, 2018 (Trading in the rights shall be for cash for the three trading days preceding the expiry date.)
Rights expire: July 25, 2018, at 9 a.m. Pacific Time
July 23, 2018: to settle July 24, 2018
July 24, 2018: to settle July 25, 2018
July 25, 2018: to settle July 25, 2018
Rights trading symbol: VCV.RT
Rights Cusip No.: 92241L117
Subscription agent and trustee: Computershare Investor Services Inc.
Authorized jurisdictions: all provinces and territories in Canada
A TSX Venture Exchange bulletin will be issued to list and trade the common share purchase warrants upon expiry of the rights offering and evidence that satisfactory distribution has been filed with the exchange.
For further details, please refer to the company's rights offering circular dated June 22, 2018.
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