Maricann Updates Private Financing Option

Maricann Group (CSE:MARI; OTCQB:MRRCF) announced it increased its previously announced private placement offering.
As quoted in the press release:

[Maricann] has amended the terms of its previously announced private placement offering (the “Offering”) of convertible debenture units (the “Convertible Debenture Units”) to increase the size of the Offering from up to $20,000,000 aggregate principal amount of Convertible Debenture Units to up to $26,000,000 (or up to $31,000,000, factoring in the full exercise of the Agents’ Option (as defined below)). The amendment will accommodate and include a broader group of investors. The Convertible Debenture Units will be sold at a price of $1,000 per Convertible Debenture Unit, with each Convertible Debenture Unit consisting of $1,000 principal amount of 9.0% secured convertible debentures (the “Convertible Debentures”) and 313 common share purchase warrants (the “Warrants”) of the Company.

Click here to read the full press release.

Source: www.marketwired.com