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Snobro Enterprises lists on TSX-V

2017-03-29 16:55 ET - New Listing

Snobro Enterprises Inc.'s prospectus dated Jan. 17, 2017, has been filed with and accepted by the TSX Venture Exchange and the British Columbia Securities Commission effective Jan. 19, 2017, pursuant to the provisions of the British Columbia Securities Act. The common shares of the company will be listed on the TSX Venture Exchange on the effective date stated below.

The company intends to complete its initial distribution of securities to the public. The gross proceeds to be received by the company for the offering will be $2-million (20 million common shares at 10 cents per share).

Commence date:  At the opening on Thursday, March 30, 2017, the common shares will be listed and immediately halted on the TSX Venture Exchange.

The closing of the public offering is scheduled to occur on Thursday, March 30, 2017. A further notice will be issued upon receipt of closing confirmation and the trading halt will be lifted.

Corporate jurisdiction:  British Columbia

Capitalization:  unlimited common shares with no par value, of which 22,600,100 common shares are issued and outstanding

Escrowed shares:  3,491,100 common shares

Transfer agent:  Computershare Investor Services Inc.

Trading symbol:  SIQ.P

Cusip No.:  833067101

Agent:  Canaccord Genuity Corp.

Agent's warrants:  100,000 non-transferable warrants (each warrant allows the agent to purchase one share at 10 cents per share until March 30, 2019)

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