02:39:46 EDT Thu 23 Sep 2021
Enter Symbol
or Name
USA
CA



Naturally Splendid Enterprises Ltd
Symbol NSP
Shares Issued 51,705,633
Close 2015-05-28 C$ 0.49
Recent Sedar Documents

Naturally Splendid closes first tranche of financing

2015-05-29 08:35 ET - News Release

Mr. J. Craig Goodwin reports

NATURALLY SPLENDID CLOSES INITIAL TRANCHE FOR $1,628,650

Naturally Splendid Enterprises Ltd. has closed the initial tranche of its previously announced private placement financing by issuing a total of 3,257,300 units for gross proceeds of $1,628,650.

Each unit comprises one common share of Naturally Splendid and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at 75 cents per share for a period of two years from the date of the issue. Naturally Splendid will have the right to accelerate the expiry date of the warrants if, at any time, the average closing price of Naturally Splendid's common shares is equal to or greater than $1.00 for 10 consecutive trading days. In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after Naturally Splendid issues a news release announcing that it has elected to exercise this acceleration right.

In connection with the initial tranche of the financing, Naturally Splendid paid finders a cash commission totalling $36,532 and issued a total of 73,064 finders' warrants. Each finders' warrant is on the same terms as the warrants.

The securities issued under the financing will be subject to a hold period expiring on Sept. 29, 2015, pursuant to applicable securities laws and the rules of the TSX Venture Exchange.

Proceeds of the financing will be used for product development and working capital and corporate purposes.

We seek Safe Harbor.

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