TSXV: JTR
www.greenspacebrands.ca
(all amounts in Cdn$
unless otherwise noted)
TORONTO, Feb. 6, 2020 /CNW/ - GreenSpace Brands Inc. (the
"Company") (TSXV: JTR) announces that the TSX Venture Exchange has
granted a 30-day extension with respect to the private placement
financing previously announced on December
23, 2019 (the "Private Placement"). The outside date upon
which final acceptance of the Private Placement may be granted by
the TSXV has been extended to March 7,
2020.
As previously announced, the Offering is seeking to raise
aggregate gross proceeds of up to $5
million through the issuance of up to 50 million units of
the Company (the "Units") at a price of C$0.10 per Unit. Each Unit will consist of one
common share in the capital of the Company (a "Common Share") and
one-half of one common share purchase warrant of the Company (each
whole warrant, a "Warrant"). Each whole Warrant will entitle the
holder thereof to acquire one Common Share at an exercise price per
Common Share of $0.20 for a period of
36 months from the closing of the Private Placement.
About GreenSpace Brands Inc.
GreenSpace is a Canadian-based brand ideation team that
develops, markets and sells premium natural food products to
consumers across North America.
GreenSpace owns Love Child, a
producer of 100% organic food for infants and toddlers made with
the purest, natural and most nutritionally-rich ingredients,
Central Roast, a clean snacking brand featuring a wide assortment
of nut and seed mixes, CEDAR, a Canadian based Cold Press Juice
business and GO VEGGIE, one of the leaders in the US plant-based
cheese market. All brands are wholly owned and retail in a variety
of natural and mass retail grocery locations across Canada.
For more information, visit www.greenspacebrands.ca.
GreenSpace's filings are also available at
www.SEDAR.com.
Forward-Looking Statements
Certain statements in this
press release constitute forward-looking statements within the
meaning of applicable securities laws. Forward-looking statements
include, but are not limited to, statements made concerning the
Company's future objectives, strategies to achieve those
objectives, as well as statements with respect to management's
beliefs, plans, estimates, and intentions, and similar statements
concerning anticipated future events, results, circumstances,
performance or expectations that are not historical facts.
Forward-looking statements generally can be identified by the use
of forward-looking terminology such as "outlook", "objective",
"may", "will", "expect", "intend", "estimate", "anticipate",
"believe", "should", "plans" or "continue", or similar expressions
suggesting future outcomes or events. Such forward-looking
statements reflect management's current beliefs and are based on
information currently available to management. Forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those contemplated by such
statements, and there can be no assurance that actual results will
be consistent with these forward-looking statements. Factors that
could cause such differences include the cyclical nature of the
construction and agriculture industries, changes in general
economic conditions and interest rates, adverse weather, cost and
availability of materials used to manufacture the Company's
products, competitive developments, legislative and government
policy changes, volatility in interest and exchange rates,
volatility in the capital or credit markets, as well as other risk
factors included in the Company's Annual Information Form under the
heading "Risks and Uncertainties Related to the Business" and as
described from time to time in the reports and disclosure documents
filed by the Company with Canadian securities regulatory agencies
and commissions. This list is not exhaustive of the factors that
may impact the Company's forward-looking statements. These and
other factors should be considered carefully, and readers should
not place undue reliance on the Company's forward-looking
statements. As a result of the foregoing and other factors, no
assurance can be given as to any such future results, levels of
activity or achievements or levels of dividends and neither the
Company nor any other person assumes responsibility for the
accuracy and completeness of these forward-looking statements. The
factors underlying current expectations are dynamic and subject to
change. Certain statements included in this press release may be
considered "financial outlook" for purposes of applicable
securities laws, and such financial outlook may not be appropriate
for all purposes. All forward-looking statements in this press
release are qualified by these cautionary statements. The
forward-looking statements contained herein are made as of the date
of this press release and is based only on information currently
available to us and speaks only as of the date on which it is made,
and except as required by applicable law, the Company undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE GreenSpace Brands Inc.