Terrace Global Inc. (“Terrace Global”) announced today it has closed the previously announced non-brokered private placement (the “Private Placement”) of 120,000,000 subscription receipts (the “Subscription Receipts”) at an issue price of $0.125 per Subscription Receipt (the “Issue Price”) for aggregate gross proceeds of $15,000,000., Chief Executive Officer of the Corporation, Francisco Ortiz von Bismarck commented, “These additional funds will allow us to seek out additional strategic partners and pursue strategic alternatives that we believe will result in significant shareholder value.” The Subscription Receipts were issued pursuant to a subscription receipt agreement (the “Subscription Receipt Agreement”) between the Corporation and Computershare Trust Company of Canada as a subscription receipt agent.

Mmp News Author, Medical Marijuana Program Connection, 09/14/2020 22:36:25

Open article: https://mmpconnect.com/terrace-global-announces-closing-of-15-million-financing-2/