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CALGARY, AB, July 27, 2023 /CNW/ – Highwood Asset Management Ltd. (“ Highwood ” or the “ Company “) ( TSXV: HAM ) is pleased to announce that, further to the Company’s press releases dated July 5, 2023 and July 10, 2023, it has closed its previously announced ”best efforts” marketed offering of subscription receipts (the “ Offering “). Pursuant to the Offering, the Company issued and sold a total of 5,833,333 subscription receipts (“ Subscription Receipts “) at a price of $6.00 per Subscription Receipt for gross proceeds of approximately $35,000,000. The Offering was conducted pursuant to an agency agreement with a syndicate of agents led by RBC Capital Markets, Echelon Wealth Partners Inc. and Raymond James Ltd. (the “ Agents “). Highwood Asset Management Ltd. Logo (CNW Group/Highwood Oil Company Ltd.) The TSX Venture Exchange (“ TSXV “) has conditionally accepted for listing the 5,833,333 Subscription Receipts, together with the Common Shares and Warrants (each as defined below) underlying the Subscription Receipts and the Common Shares issuable pursuant to the exercise of the Warrant, subject to receipt of final approval. The Company expects the Subscriptions Receipts to commence trading on or about August 1, 2023. Each Subscription […]
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