VANCOUVER, BC / ACCESSWIRE / June 15, 2021 /Badger Capital Corp. (“Badger” or the “Companies“) (TSXV: YVR.P) is pleased to announce that the company has successfully completed its IPO (the”initial public offering“) of 4,000,000 ordinary shares (each one”share“) at a price of US $ 0.10 per Share for gross proceeds of US $ 400,000 (the”proceeds“).
Leede Jones Gable Inc. acted as agent (the “agent“) for the IPO. The company paid the agent a cash commission of $ 40,000 and granted the agent 400,000 non-transferable warrants (one each”Agent’s guarantee“), which will allow the Agent to purchase one share at a time at a price of $ 0.10 per share for a period of 24 months from the date the shares are listed on the TSX Venture Exchange (the”exchangeThe company also paid the agent a corporate finance fee.
The company is a capital pool company (as defined in the guidelines of the stock exchange). The company has not commenced business and has no assets other than cash. The company expects to start trading on the stock exchange on June 16, 2021.
The company intends to use the proceeds to identify and evaluate potential Qualifying Transactions in accordance with the guidelines of the exchange.
The shares were listed for trading on the stock exchange on June 10, 2021 under the symbol “VYR.P” and will be discontinued with immediate effect until the IPO is completed. The company expects the shares to be traded again on June 16, 2021 on Tier 2 of the stock exchange under the symbol “YVR.P”.
ON BEHALF OF THE MANAGEMENT BOARD
President, Chief Executive Officer, Chief Financial
Officer, Corporate Secretary, Director and Promoter
Disclaimer for forward-looking information
Certain statements in this press release are forward-looking statements that reflect management’s expectations regarding the listing of the company’s common stock on the stock exchange. Forward-looking statements consist of statements that are not purely historical, including any statements about beliefs, plans, expectations or intentions regarding the future, including but not limited to the shares that will go public on June 16, 2021. Such statements are subject to risks and uncertainties that could cause actual results, performance or developments to differ materially from those contained in the statements, including risks relating to factors beyond the control of the company. There can be no assurance that any of the events anticipated in the forward-looking statements will occur or what the Company will benefit from.
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This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be under the United States Securities Act of 1933, as amended (the “US Securities Act”) ) or other state securities laws and may not be offered or sold in the United States or to any US person unless it is registered under the US securities law and applicable state securities laws or there is an exception to such registration .
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICES (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ASSUMES RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PUBLICATION.
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SOURCE: Badger Capital Corp.
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