City View Green Holdings Inc. Announces Early Warrant Exercise Incentive Program
City View Green Holdings Inc. Announces Early Warrant Exercise Incentive Program
Toronto, Ontario--(Newsfile Corp. - August 4, 2022) - City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF) ("City View" or the "Company"), trading through the facilities of the Canadian Securities Exchange ("CSE") under the symbol "CVGR" and on the OTCQB® under the symbol "CVGRF", announces today the commencement of a warrant exercise incentive program (the "Program") intended to encourage the exercise of up to 36,573,689 outstanding share purchase warrants (the "Eligible Warrants") issued in certain previous private placements of the Company completed between November 15, 2019 and March 17, 2022 (the "Private Placements"), the details of which are as follows:
安大略省多伦多-(Newsfile Corp.-2022年8月4日)-City View Green Holdings Inc.(CSE:CVGR)(OTCQB:CVGRF)(“城市景观“或”公司),通过加拿大证券交易所的设施进行交易(CSE“)在”CVGR“符号下和OTCQB上®以“CVGRF”为代码,今天宣布开始一项认股权证行使奖励计划(“计划“)旨在鼓励行使最多36,573,689份已发行认股权证(”合资格认股权证在本公司于2019年11月15日至2022年3月17日期间完成的若干次私募中发行的(该等私募“),详情如下:
Warrant Issue Date |
Expiry Date |
Exercise Price Per Share |
Total # of Warrants |
Nov 15, 2019 | Nov 15, 2022 | $0.30 | 2,001,333 |
Dec 13, 2019 | Dec 13, 2022 | $0.20 | 2,400,000 |
Nov 30, 2020 | Nov 30, 2022 | $0.20 | 500,000 |
Dec 23, 2020 | Dec 23, 2022 | $0.20 | 125,000 |
Dec 24, 2020 | Dec 24, 2022 | $0.10 | 2,100,000 |
Jan 8, 2021 | Jan 8, 2023 | $0.10 | 5,700,000 |
Apr 9, 2021 | Apr 9, 2023 | $0.15 | 1,946,250 |
Apr 30, 2021 | Apr 30, 2023 | $0.15 | 656,250 |
Aug 11, 2021 | Aug 11, 2023 | $0.15 | 9,044,142 |
Oct 8, 2021 | Oct 8, 2023 | $0.15 | 2,500,714 |
Mar 17, 2022 | Mar 17, 2024 | $0.10 | 9,600,000 |
TOTAL | 36,573,689 |
搜查令 发行日期 |
期满 日期 |
行权价格 每股 |
认股权证总数#份 |
2019年11月15日 | 2022年11月15日 | $0.30 | 2,001,333 |
2019年12月13日 | 2022年12月13日 | $0.20 | 2,400,000 |
2020年11月30日 | 2022年11月30日 | $0.20 | 500,000 |
2020年12月23日 | 2022年12月23日 | $0.20 | 125,000 |
2020年12月24日 | 2022年12月24日 | $0.10 | 2,100,000 |
2021年1月8日 | 2023年1月8日 | $0.10 | 5,700,000 |
2021年4月9日 | 2023年4月9日 | $0.15 | 1,946,250 |
2021年4月30日 | 2023年4月30日 | $0.15 | 656,250 |
2021年8月11日 | 2023年8月11日 | $0.15 | 9,044,142 |
2021年10月8日 | 2023年10月8日 | $0.15 | 2,500,714 |
2022年3月17日 | 2024年3月17日 | $0.10 | 9,600,000 |
共计 | 36,573,689 |
Pursuant to the Program, the Company is offering an inducement to each holder of Eligible Warrants (collectively, the "Warrant Holders") such that they may exercise their Eligible Warrants for a reduced price of $0.015 per common share, in lieu of their original exercise prices, during an early exercise period (the "Early Exercise Period").
根据该计划,本公司将向每位合格认股权证持有人(统称为权证持有人),以便他们可以在早期行权期内,以每股普通股0.015美元的折扣价行使合格认股权证,以代替原来的行权价。早期运动期").
The Early Exercise Period will commence on August 4, 2022, at 4.00 p.m. (Toronto time) and expire on September 2, 2022 at 4:30 p.m. (Toronto time) (the "Expiry Time"). Eligible Warrants that remain unexercised following the completion of the Early Exercise Period will continue to be exercisable for common shares on their original terms, including their original exercise prices, as such existed prior to the Program.
早期的演练时间将从2022年8月4日开始,下午4点(多伦多时间)和将于2022年9月2日到期下午4:30(多伦多时间)(“过期时间在早期行权期结束后仍未行使的合格认股权证,将继续按计划前存在的原始条款(包括其原始行使价)对普通股行使。
To be eligible for the Incentive Program, the holders of Eligible Warrants must contact the Company as soon as possible and prior to the Expiry Time, complete and deliver to the Company (i) their original Eligible Warrant Certificate(s), (ii) a completed Exercise Form in the form attached as a schedule to their Eligible Warrant Certificate(s), and (iii) payment for the full exercise price of such Eligible Warrants, calculated at the Program price of $0.015 per common share.
为符合奖励计划的资格,合资格认股权证持有人必须尽快与本公司联络,并在到期前向本公司提交(I)合资格认股权证证书正本、(Ii)按其合资格认股权证证书附表所附表格填写的行使表格,及(Iii)按计划价格每股普通股0.015美元计算的该等合资格认股权证的全部行使价。
To the extent that holders of the Eligible Warrants take advantage of the opportunity to exercise their Eligible Warrants early under the Program, this will strengthen City View's current cash position. Proceeds received by the Company from the exercise of Eligible Warrants under the Program will be used for general working capital purposes.
在一定程度上,合格认股权证的持有人利用机会提前根据该计划行使他们的合格认股权证,这将加强City View目前的现金状况。本公司根据该计划行使合格认股权证所得收益将用于一般营运资金用途。
Certain insiders of the Company (directors, officers and 10% shareholders) own an aggregate of 7,182,143 Eligible Warrants. As such, their participation in the Program is considered to be a "related party" transaction subject to Multilateral Instrument 61-101 ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the Program by insiders will not exceed 25% of the fair market value of the Company's market capitalization.
本公司若干内部人士(董事、高级职员及10%股东)合共拥有7,182,143份合资格认股权证。因此,它们对本方案的参与被视为“关联方”交易,受多边文书61-101(米其林61-101公司拟依据MI 61-101第5.5(A)和5.7(A)条规定的正式估值和小股东批准要求的豁免,以内部人士参与计划不超过公司市值公平市值的25%为基础。
The terms of the Program have been accepted by the Canadian Securities Exchange.
该计划的条款已被加拿大证券交易所接受。
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.
本新闻稿不构成出售或邀请购买美利坚合众国任何证券的要约。这些证券没有也不会根据1933年的《美国证券法》(以下简称《1933年法案》)或任何州证券法进行注册,除非根据1933年法案和适用的州证券法进行注册,否则不得在美国境内或向美国个人(根据1933年法案的定义)进行发行或出售,或者可以获得此类注册的豁免。
For further information contact:
如需进一步信息,请联系:
City View Green Holdings Inc.
Rob Fia, CEO & President
Email: rob@cityviewgreen.ca
城市景观绿色控股公司。
罗布·菲亚,首席执行官兼总裁
电子邮件:rob@ciyviewgreen.ca
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
加拿大证券交易所及其法规服务机构均不对本新闻稿的充分性或准确性承担责任。
About City View
关于城市景观
City View is a leading consumer packaged goods company focused on the development of cannabis-infused edibles. With the receipt of its Cannabis Act processing licence on April 30, 2021, City View will incorporate cannabis-infused food production at its Brantford, Ontario high-capacity facility. In addition, City View owns a 27.5% stake in Budd Hutt Inc. ("Budd Hutt"), a retail-focused cannabis company with access to cannabis cultivation and production licences in Alberta and other retail opportunities across Canada. Through its relationship with Budd Hutt, the Company anticipates securing shelf space, product placement, and distribution opportunities for our white label partner products. For more information visit: .
City View是一家领先的消费品包装公司,专注于开发注入大麻的可食性食品。收到它的收据后《大麻法案》2021年4月30日,City View获得加工许可证,将在其位于安大略省布兰特福德的高产能工厂生产注入大麻的食品。此外,City View拥有Budd Hutt Inc.(“Budd Hutt”)27.5%的股份,这是一家专注于零售的大麻公司,可以获得艾伯塔省的大麻种植和生产许可证,以及加拿大各地的其他零售机会。通过与Budd Hutt的关系,该公司预计将确保我们的白标合作伙伴产品的货架空间、产品放置和分销机会。有关更多信息,请访问:。
Disclaimer for Forward-Looking Information
对前瞻性信息的免责声明
This press release contains forward-looking statements which are not composed of historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, availability and costs of financing needed in the future, changes in equity markets, delays in the development of projects, and ability to predict or counteract potential impact of COVID-19 coronavirus on factors relevant to the Company's business. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
本新闻稿包含不包含历史事实的前瞻性陈述。就其性质而言,前瞻性表述涉及已知和未知的风险、不确定因素和其他因素,这些风险、不确定性和其他因素可能会导致我们的实际结果、业绩或成就或其他未来事件与此类前瞻性表述明示或暗示的任何未来结果、业绩或成就大不相同。前瞻性陈述包括描述公司未来计划、目标或目标的估计和陈述,包括公司或管理层预期将出现的情况或结果的表述。前瞻性陈述可以用“相信”、“预期”、“预期”、“估计”、“可能”、“将”或“计划”等术语来识别。由于前瞻性陈述以假设为基础,涉及未来的事件和情况,因此它们本身就具有内在的风险和不确定性。虽然这些陈述是基于公司目前掌握的信息,但公司不能保证实际结果将符合管理层的期望。有许多重要因素可能导致该公司的实际结果与前瞻性陈述和信息所表明或暗示的结果大不相同。在依赖公司的前瞻性陈述和信息做出决策时,投资者和其他人应仔细考虑前述因素以及其他不确定因素和潜在事件。可能导致实际结果与公司预期大相径庭的重要因素包括,除其他外,未来所需融资的可用性和成本、股票市场的变化、项目开发的延误, 以及预测或应对新冠肺炎冠状病毒对与公司业务相关的因素的潜在影响的能力。尽管该公司试图确定可能导致实际结果大不相同的重要因素,但可能还有其他因素导致结果与预期、估计或预期的不同。不能保证这些陈述将被证明是准确的,因为实际结果和未来事件可能与这些陈述中预期的大不相同。因此,读者不应过分依赖前瞻性陈述。
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
本新闻稿中包含的前瞻性信息代表了公司截至本新闻稿发布之日的预期,因此,在该日期之后可能会发生变化。读者不应过分重视前瞻性信息,也不应依赖截至任何其他日期的这些信息。虽然公司可以选择这样做,但IT不承诺在任何特定时间更新此信息,除非根据适用法律的要求。
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