Halo Labs Announce At-The-Market Equity Financing Program
273Halo Labs Announce At-The-Market Equity Financing Program - RICH TV LIVE - SEPTEMBER 18, 2020 - Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today announces that it has established an at-the-market equity program (the "ATM Program") that allows the Company to issue and sell up to C$7,000,000 of common shares in the capital of the Company (the "Common Shares") from treasury to the public, from time to time, at the Company's discretion. All Common Shares sold under the ATM Program will be sold through the Neo Exchange Inc. or another marketplace (as defined in National Instrument 21-101 - Marketplace Operation) upon which the Common Shares are listed, quoted or otherwise traded, at the prevailing market price at the time of sale.
The volume and timing of distributions under the ATM Program, if any, will be determined in the Company's sole discretion. The ATM Program is designed to provide the Company with additional financing flexibility should it be required in the future. The Company intends to use the net proceeds from the ATM Program, if any, for general corporate purposes, working capital needs and capital expenditures, including the repayment of indebtedness. As Common Shares distributed under the ATM Program will be issued and sold at the prevailing market prices at the time of each sale, prices may vary among purchasers during the period of the ATM Program.
"We are excited to launch our ATM Program as it will provide us with additional flexibility to access equity capital when market conditions are favourable. We now have a number of strategic sources of capital available to us, which further strengthens our financial position as we continue to progress towards profitability," stated Kiran Sidhu, Chief Executive Officer of the Company.
Distributions of the Common Shares under the ATM Program will be made pursuant to the terms of an equity distribution agreement (the "Distribution Agreement") dated September 16, 2020 by and among the Company and PI Financial Corp. (the "Agent"). Pursuant to the terms of the Distribution Agreement, the ATM Program will be effective until the earlier of October 3, 2022 and the issuance and sale of all of the Common Shares issuable under the ATM Program, unless terminated prior to such date by the Company or the Agent in accordance with the terms of the Distribution Agreement. The Distribution Agreement will be made available under the Company's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com.
#halo #labs #richtvlive
JOIN THE WINNING TEAM AND GET ACCESS TO PICKS FIRST DOWN BELOW
https://iM.Academy/corp/cjoin?enroller=richtvlive
YOUTUBE SUBSCRIBE - https://www.youtube.com/c/RICHTVLIVE
www.richtvlive.com
Disclaimer
Rich TV's company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in Rich TV reports, company profiles, or other investor relations materials and presentations are subject to change. Rich TV and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time. RICH TV LIVE INC. HAS BEEN COMPENSATED $800 CAD FOR THIS VIDEO PRODUCTION.
Stock market investing is inherently risky. Rich TV is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print.
We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission ("SEC") at www.sec.gov.