SOPerior Fertilizer Closes Non-Brokered Financing

GlobeNewswire |

TORONTO, (GLOBE NEWSWIRE) -- SOPerior Fertilizer Corp. (the “Company”) (TSX:SOP) announces it has closed a non-brokered private placement (the “Private Placement”) in which it has issued 3,165,000 units at $0.065 per unit for gross proceeds of $205,725. Each unit is comprised of one common share and one-half common share purchase warrant exercisable at $0.12 for three years.

The proceeds from the private placement will be used to bolster the Company’s treasury for the legal proceedings currently underway.

Finders fees of $12,435.50 cash were paid in connection with the financing. In accordance with applicable securities legislation, all securities issued in the Private Placement are subject to a statutory hold period of four months and one day.

On Behalf of the Board of Directors

SOPERIOR FERTILIZER CORP.

Andrew Squires
CEO and Director

Contact Information
E-mail inquiries: info@SOPfertilizer.com
P: (416) 362-8640
www.SOPfertilizer.com 

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com). 

Screen Shot 2018-10-16 at 10.52.50 AM.png

Source: SOPerior Fertilizer Corp

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     

Blockchain in Fintech - Discussion at the EU Parliament

From the recent Blockchain For Europe Summit in Brussels: Panel on Financial Market Infrastructure