01:51:50 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 371,071,668
Close 2017-10-13 C$ 2.91
Market Cap C$ 1,079,818,554
Recent Sedar Documents

Aurora Cannabis arranges $6-million private placement

2017-10-16 08:33 ET - News Release

Mr. Terry Booth reports

AURORA CANNABIS ANNOUNCES $6 MILLION PRIVATE PLACEMENT

Further to the company's previously announced $60-million bought deal financing, as announced and upsized on Oct. 10, 2017, Aurora Cannabis Inc. has agreed to a one-time special accommodation for the benefit of its underwriters due to very significant demand for the bought deal, to proceed with a concurrent, non-commissioned, non-brokered private placement of up to two million units of the company at a price of $3 per unit.

Each unit, free of any commission to Aurora, will comprise one common share of the company and one common share purchase warrant. Each warrant will be exercisable to acquire one common share for a period of three years following the closing date of the offering at an exercise price of $4 per warrant share, subject to adjustment in certain events.

If the offering is subscribed for in full, it will provide Aurora with net proceeds of $6-million due to the special and one-time commission free accommodation reached with its underwriters. The common shares and warrants shall be subject to a four-month hold period. Closing of the offering is anticipated to occur at the same time as the closing of the bought deal, which is expected on or about Nov. 2, 2017, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities.

About Aurora Cannabis Inc.

Aurora's wholly owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR). The company operates a 55,200-square-foot, state-of-the-art production facility in Mountain View county, Alberta, known as Aurora Mountain, is currently constructing a second 800,000-square-foot production facility, known as Aurora Sky, at the Edmonton International Airport, and has acquired and is undertaking completion of a third 40,000-square-foot production facility in Pointe-Claire, Que., on Montreal's West Island.

In addition, the company holds approximately 9.6 per cent of the issued shares (12.9 per cent on a fully diluted basis) in leading extraction technology company Radient Technologies Inc., based in Edmonton, and is in the process of completing an investment in Edmonton-based Hempco Food and Fiber for an ownership stake of up to 50.1 per cent. Furthermore, Aurora is the cornerstone investor with a 19.9-per-cent stake in Cann Group Ltd., the first Australian company licensed to conduct research on and cultivate medical cannabis.

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