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RepliCel Life Sciences Inc (2)
Symbol RP
Shares Issued 27,536,388
Close 2019-12-12 C$ 0.25
Recent Sedar Documents

RepliCel Life $435,650 private placement of A shares

2019-12-13 20:39 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 6, 2019, and Aug. 21, 2019.

Unlisted Class A preferred shares:  $435,650

Conversion price:  The holders of the Class A preferred shares will be entitled to convert the paid-up amount on any Class A preferred share, from time to time, into common shares at any time prior to the date that is five years from the date of issuance of the Class A preferred shares at a conversion price of 33 cents per share.

Maturity date:  five years from issuance (The company may, in its discretion at any time, redeem all of the Class A preferred shares at the following prices: up to an including the first anniversary of the issue date, 46.8 cents; after the first anniversary up to and including the second anniversary of the issue date, 53.6 cents; after the second anniversary up to and including the third anniversary of the issue date, 60.4 cents; after the third anniversary up to and including the fourth anniversary of the issue date, 67.2 cents; after the fourth anniversary up to and including the fifth anniversary of the issue date, 74 cents; on the fifth anniversary of the issue date, all remaining outstanding Class A preferred shares must be redeemed at a price of 74 cents.)

Interest rate:  The Class A preferred shares will receive dividends at a rate of 7 per cent per annum and have first priority as to the payment of dividends and upon liquidation. The payment of the dividends in shares or redemption price in shares is subject to separate exchange approval.

Number of placees:  16 placees

Insiders:  Andrew Schutte, 250,000; Peter W. Lewis, 37,500; David Hall, 37,500

Finder's fee:  GMP Securities LP receives $19,652.

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