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iCrowdNewswire Dec 26, 2020 12:33 PM ET

Prospect Park Announces Amendment to Proposed Non-Brokered Private Placement


Prospect Park Announces Amendment to Proposed Non-Brokered Private Placement

iCrowd Newswire - Dec 26, 2020

Prospect Park Capital ‎Corp. , announces that as a result of discussions with the TSX Venture Exchange (the ‎‎‎“Exchange”), the proposed non-brokered private ‎placement previously announced on December 14, 2020 shall be amended. The Company now intends to complete a non-brokered private ‎placement for gross proceeds of up to $1,000,000 through the issuance ‎of up to 4,761,904 common shares of the ‎Company at $0.21 per share (the “Offering”). The net proceeds of the Offering will be used by the Company for working capital.‎

In connection with the issue and sale of the shares pursuant to the Offering, the Company will pay registered dealers ‎and finders (i) a cash commission equal to 8% of the aggregate gross proceeds under the Offering, and (ii) non-‎transferable compensation options to purchase that number of common shares as is equal to 8% of the number of ‎ common shares sold under the Offering, at an exercise price of $0.21 per share exercisable for a period of twenty-four (24) ‎months from the closing.‎

All ‎securities issued pursuant to the Offering are subject to approval of the Exchange and will be subject to a Canadian four-month hold period.‎

For more information please contact:   James Greig
    Chief Executive Officer
    Prospect Park Capital Corp.
    Tel: (778) 788-2745

Contact Information:


James Greig








Tags:    Wire, Disclosure Newswire, United States, English