Lendified Announces Common Share Subscription Agreement With Investor
Lendified Announces Common Share Subscription Agreement With Investor
Toronto, Ontario--(Newsfile Corp. - August 17, 2022) - Lendified Holdings Inc. (TSXV: LHI) (the "Company" or "Lendified") is pleased to announce that it has entered into a Common Share Subscription Agreement (the "Subscription Agreement") with a third-party investor in the Company (the "Investor"). The Subscription Agreement allows the Company to issue and sell up to $10,000,000 of common shares in the capital of the Company (the "Common Shares"), not to exceed such number of Common Shares that would cause the Investor to hold over 9.99% of the issued and outstanding Common Shares, from treasury to the Investor, from time to time, in a series of closings (each, a "Draw Closing") at the Company's discretion and on the terms and subject to the conditions set out in the Subscription Agreement. For each Draw Closing, the Common Shares will be issued on a private placement basis.
安大略省多伦多-(Newsfile Corp.-2022年8月17日)-Lendified Holdings Inc.(多伦多证券交易所股票代码:LHI)(The公司“或”列尼德化“)欣然宣布已订立普通股认购协议(”订阅协议“)与本公司的第三方投资者(”投资者“)。认购协议允许本公司以本公司股本发行及出售最多10,000,000元普通股(”普通股“),不超过会导致投资者持有超过9.99%的已发行和已发行普通股的普通股数量,从财政部到投资者,不时地在一系列交易中(每个交易,一个“画上结束语“)按认购协议所载条款及条件,由本公司酌情决定。每抽奖一次,普通股将以非公开配售方式发行。
Issuances of the Common Shares to the Investor will be made pursuant to the terms of the Subscription Agreement which provides that, in order to fix a date for a Draw Closing, the Company must issue a notice (each, a "Draw Notice") to the Investor of such intention to draw under the Subscription Agreement on or prior to the tenth trading day in each calendar month. The Draw Notice shall set out the amount of subscription proceeds to be paid by the Investor to the Company (the "Draw Amount") in respect of such Draw Closing, together with the number of Common Shares that will be issued to the Investor. The aggregate Draw Amount in any given calendar month shall be a minimum of $10,000 and a maximum of $150,000, subject to increase by agreement between the parties, and provided that the Draw Amount will not result in the Investor becoming an Insider under the policies of the TSX Venture Exchange ("TSXV"). The issue price per Common Share for a Draw Closing shall be equal to: (i) if the market price of the Common Shares on the TSXV is greater than $0.055 per share, the volume weighted average price of the Common Shares on the TSXV, for the twenty (20) trading days preceding the last trading day of the Common Shares on the TSXV prior to the Company delivering a Draw Notice to the Investor, less 9.9% (subject to a minimum of $0.05 per share); and (ii) if the market price of the Common Shares on the TSXV are equal to or less than $0.055 per share, the market price (subject to a minimum of $0.01 per share).
向投资者发行普通股将根据认购协议的条款进行,该协议规定,为了确定抽奖结束的日期,本公司必须发布通知(每份、一份或多份)画出通知“)在每个历月的第十个交易日或之前根据认购协议提取款项的意向投资者。提取通知须列明投资者须支付予本公司的认购款项的款额(”提款量“)就该抽奖结束,连同将向投资者发行的普通股数目。任何给定日历月的总抽资金额最低为10,000美元,最高为150,000美元,但须经双方协议增加,且该抽资金额不会导致投资者根据多伦多证券交易所的政策成为内幕人士(”TSXV抽签结束时普通股的每股发行价应等于:(I)如果多伦多证券交易所普通股的市场价格大于每股0.055美元,则前二十(20)个交易日普通股在多伦多证券交易所的成交量加权平均价(Ii)如多伦多证券交易所普通股的市场价格等于或少于每股0.055美元,则为市场价格(以每股最少0.01美元为限)。
The Subscription Agreement will remain in force and effect until the earlier of: (i) termination by either the Company or the Investor, on thirty (30) days' prior written notice; (ii) the date on which $10,000,000 aggregate Draw Amount is reached; (iii) the date on which a material adverse effect or a change of control has occurred in respect of the Company; and (iv) the date on which the parties mutually agree in writing to terminate the Subscription Agreement.
认购协议将继续有效,直至:(I)本公司或投资者于提前三十(30)日书面通知终止;(Ii)提取总额达10,000,000美元之日;(Iii)对本公司产生重大不利影响或控制权变更之日;及(Iv)订约方以书面同意终止认购协议之日。
Throughout the term of the Subscription Agreement, the Company may issue no more than one Draw Notice per calendar month for such Draw Amounts as it may elect, provided that certain conditions, including the following, are met: (i) the Draw Amount in any one Draw Notice can be no less than $10,000 and no more than $150,000; (ii) the aggregate amount of all Draw Amounts during the term of the Subscription Agreement shall be no greater than $10,000,000; (iii) the issuance of Common Shares in the Draw Notice will not result in the Investor holding more than 9.99% of the issued and outstanding Common Shares; (iv) the Common Shares issued pursuant to the Draw Notice shall have been conditionally approved for listing by the TSXV; (v) on the trading day prior to the delivery of the Draw Notice, the daily trading volume of the Common Shares on the TSXV is not less than the 30-day average trading volume of the Common Shares on the TSXV; and (vi) on the trading day prior to the delivery of the Draw Notice, the 10-day trading volume of the Common Shares on the TSXV is not greater than 10% of the 30-day average trading volume of the Common Shares on the TSXV.
在认购协议有效期内,本公司可在每个历月发出不超过一次的提取通知,以收取其选择的提取金额,但须符合下列条件:(I)任何一次提取通知的提取金额不得少于10,000,000美元;(2)认购协议期限内所有提取金额的总和不得超过10,000,000美元;(3)在提取通知中发行普通股将不会导致投资者持有超过9.99%的已发行及已发行普通股;(Iv)根据抽回通知发行的普通股须已获多伦多证券交易所有条件批准上市;(V)于抽出通知交付前一个交易日,多伦多证券交易所普通股的每日成交量不少于多伦多证券交易所普通股的30天平均交易量;及(Vi)在抽出通知交付前一个交易日,多伦多证券交易所普通股的10天交易量不超过多伦多证券交易所普通股30天平均交易量的10%。
The Subscription Agreement provides the Company with enhanced flexibility and access to capital should future additional financing be required, and it may be activated if and as deemed appropriate. The Company intends to use the net proceeds from the Draw Closings, if any, for general corporate purposes.
认购协议为公司提供了增强的灵活性和获得资本的途径,如果未来需要额外的融资,该协议可能会在被认为合适的情况下启动。该公司打算将抽奖结束的净收益(如果有的话)用于一般公司用途。
In connection with each Draw Closing and if permitted by the TSXV, the Company will pay the Investor a draw fee equal to 5% of the applicable Draw Amount. There is no agent or underwriter involved with the issuance of the Common Shares, and no party is receiving a commission or finder's fee in connection with the Subscription Agreement. As at the date hereof, no Common Shares have been distributed by the Company pursuant to the Subscription Agreement, resulting in aggregate proceeds of $NIL to the Company under the Subscription Agreement.
本公司将就每一笔提款成交向投资者支付相当于适用提款金额5%的提款费用。本公司并无代理或承销商参与发行普通股,亦无任何一方收取与认购协议有关的佣金或佣金。于本公告日期,本公司并无根据认购协议派发普通股,导致根据认购协议向本公司分派的总收益为零。
ABOUT LENDIFIED HOLDINGS INC.
关于LENDIFIED控股公司
Lendified, a company located in Ontario, Canada, is a Canadian company operating a lending platform which provides working capital loans to small and medium-sized businesses across Canada.
Lendified是一家位于加拿大安大略省的公司,是一家加拿大公司,经营着一个为加拿大各地的中小企业提供营运资金贷款的贷款平台。
Further Information
进一步资料
For further information regarding Lendified, please contact:
欲了解更多有关Lendified的信息,请联系:
Eoghan Bergin, Chief Executive Officer and Director
1-844-451-3594
eoghan.bergin@lendified.com
董事首席执行官Eoghan Bergin
1-844-451-3594
邮箱:eoghan.bergin@lendified.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
TSXV及其监管服务提供商(该术语在TSXV的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
This news release may contain forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan, "estimate", "expect", "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. These forward-looking statements involve risk and uncertainties, including the number of Common Shares that may be sold under the Subscription, whether the Subscription Agreement will be approved by the TSXV or if the proceeds of the Draws under the Subscription Agreement will be sufficient for the Company's purposes, whether the effects of the COVID-19 pandemic will be even more severe than it has been to date, any of which could cause results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. Many risks are inherent in the industries in which the Company participates; others are more specific to the Company. The Company's ongoing quarterly filings should be consulted for additional information on risks and uncertainties relating to these forward-looking statements. Investors should not place undue reliance on any forward-looking statements. Management assumes no obligation to update or alter any forward-looking statements whether as a result of new information, further events or otherwise.
本新闻稿可能包含前瞻性陈述,这些陈述反映了公司目前对未来事件的预期。前瞻性陈述常常,但并非总是,通过使用诸如“寻求”、“预期”、“计划”、“估计”、“预期”、“打算”等词语,以及事件或结果“可能”、“将”、“应该”、“可能”或“可能”以及其他类似表述来确定。这些前瞻性表述涉及风险和不确定性,包括认购可能出售的普通股数量、认购协议能否获得多伦多证券交易所的批准、认购协议下提取的资金是否足以满足公司的需要、新冠肺炎疫情的影响是否比以往更严重、这些因素中的任何一个都可能导致结果、业绩或成就与前瞻性表述中讨论或暗示的结果存在实质性差异。许多风险是该公司参与的行业所固有的;其他风险则更多地是该公司特有的。有关与这些前瞻性陈述有关的风险和不确定因素的更多信息,请查阅公司正在提交的季度报告。投资者不应过度依赖任何前瞻性陈述。管理层不承担因新信息、进一步事件或其他原因而更新或更改任何前瞻性陈述的义务.
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