FinCanna Capital Corp. Announces Non-Brokered Private Placement to Raise C$5 million
FinCanna Capital Corp. Announces Non-Brokered Private Placement to Raise
C$5 million
Not for distribution to United States newswire services or for dissemination in the United States.
VANCOUVER, British Columbia, Feb. 21, 2018 -- FinCanna Capital Corp. (“ FinCanna”) (CSE:CALI) is pleased to announce
its intention to raise C$5,000,000 by way of a non-brokered private placement of 7,142,857 units (the “ Units”) at a price of
C$0.70 per Unit (the “ Private Placement ”). Each Unit will consist of one common share of FinCanna and one-half of one
common share purchase warrant. Each full warrant will be exercisable to acquire one common share of FinCanna at an
exercise price of C$1.05 for 24 months from the date of the closing of the Private Placement. The common share purchase
warrants will be subject to acceleration at FinCanna’s discretion in the event its common shares trade on the Canadian
Securities Exchange on a volume weighted average price (“VWAP”) basis of C$1.40 or more for a period of ten consecutive
trading days.
FinCanna has agreed (i) to pay a cash finder’s fee of 8% of the aggregate proceeds raised from subscriptions arranged by
certain finders and (ii) to issue warrants equal to 8% of the aggregate Units subscribed for pursuant to the subscriptions
arranged by such finders. Each warrant shall be exercisable for one common share at a price of C$1.05 for a period of 12
months following the closing date of the Private Placement. The lead finder in the non-brokered private placement is Triview
Capital Ltd.
The closing of the Private Placement is expected to occur on or about March 14, 2018, and is subject to the receipt of all
necessary regulatory approvals, including the approval of the Canadian Stock Exchange. All securities issued pursuant to the
Private Placement will be subject to a four month hold period in accordance with applicable Canadian securities laws. There is
no material fact or material change regarding FinCanna that has not been generally disclosed.
FinCanna intends to use the net proceeds from the Private Placement to fund additional royalty investment opportunities and
the Company’s ongoing working capital and general corporate purposes.
This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the
United States. The securities have not been and will not be registered under the United States Securities Act of 1933,
as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to
U.S. Persons unless registered under the 1933 Act and applicable state securities laws or an exemption from such
registration is available.
About FinCanna
FinCanna provides financing to top-tier companies in the licensed medical cannabis industry in exchange for a royalty on
revenues. FinCanna, led by a team of finance and industry experts, is building its diversified portfolio of royalty investments in
scalable, best-in-class projects and companies in U.S. legal states, with a focus on California. For additional information visit
www.fincannacapital.com and FinCanna’s profile at www.sedar.com.
FinCanna Capital Corp.
Andriyko Herchak, CEO & Director
Investor Relations:
Arlen Hansen
Kin Communications
1-866-684-6730
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information based on current expectations. Statements about, among other
things, the closing of the Private Placement, expected terms and conditions of the Private Placement, the completion, terms
and size of the Private Placement and the use of proceeds of the Private Placement are all forward-looking information. These
statements should not be read as guarantees of future performance or results. Such statements involve known and unknown
risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different
from those implied by such statements. Such factors include, but are not limited to: the ability to find suitable subscribers for
the Private Placement. Although such statements are based on management’s reasonable assumptions at the date such
statements are made, there can be no assurance that the Private Placement will occur or that, if the Private Placement does
occur, it will be completed on the terms described above and that such forward-looking information will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such forward-looking information.
Accordingly, readers should not place undue reliance on the forward-looking information. FinCanna assumes no responsibility
to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.