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Puget Ventures (TSXV:PVS) has filed and received receipt of a preliminary short form prospectus with respect to an offering of subscription receipts.
As quoted in the press release:
This short form prospectus (the “short form prospectus”) qualifies the distribution (the “Offering”) of a minimum of 10,312,500 subscription receipts and a maximum of 26,668,250 subscription receipts (the “Subscription Receipts”) at a price of $0.60 per Subscription Receipt (the “Offering Price”), for minimum total gross proceeds of $6,187,500 (the “Minimum Offering”) and maximum total gross proceeds of $16,000,950 (the “Maximum Offering”). Each Subscription Receipt will entitle the holder thereof to receive, without payment of additional consideration or further action, and subject to adjustment, upon the satisfaction of the Release Conditions (as defined herein), one unit of the Company (a “Unit”).
Click here to read the Puget Ventures (TSXV:PVS) press release