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Naturally Splendid (TSXV:NS,FWB:50N,OTCQB:NSPDF) announced that its board of directors approved a proposed private placement financing of a minimum of 3,000,000 units to a maximum of 6,000,000 Units at $0.50 per Unit for minimum gross proceeds of $1,500,000 and up to maximum gross proceeds of $3,000,000. The Financing will be completed to “accredited investors” and existing security holders.

Naturally Splendid (TSXV:NS,FWB:50N,OTCQB:NSPDF) announced that its board of directors approved a proposed private placement financing of a minimum of 3,000,000 units to a maximum of 6,000,000 Units at $0.50 per Unit for minimum gross proceeds of $1,500,000 and up to maximum gross proceeds of $3,000,000. The Financing will be completed to “accredited investors” and existing security holders.

As quoted in the press release:

Each Unit will be comprised of one common share of Naturally Splendid and one-half of one common share purchase warrant (“Warrant”), with each whole Warrant entitling the holder to purchase one additional common share at $0.75 per share for a period of two years from the date of the issue. Naturally Splendid will have the right to accelerate the expiry date of the Warrants if, at any time, the average closing price of Naturally Splendid’s common shares is equal to or greater than $1.00 for 10 consecutive trading days. In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after Naturally Splendid issues a news release announcing that it has elected to exercise this acceleration right.

The Offering will be completed to “accredited investors” pursuant to National Instrument 45-106 – Prospectus and Registration Exemptions (“NI 45-106”) and to existing security holders pursuant to BC Instrument 45-534 – Exemption from prospectus requirement from certain trades to existing security holders (“BCI 45-534”). The Offering of securities pursuant to 45-534 is being made to existing security holders who held shares of Naturally Splendid on May 8, 2015 (the “Record Date”).

Click here to read the Naturally Splendid (TSXV:NS,FWB:50N,OTCQB:NSPDF) press release
Click here to see the Naturally Splendid (TSXV:NS,FWB:50N,OTCQB:NSPDF) profile.

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