Zitat:"As announced earlier today, the investment in Hempco, subject to conditions, may take place in up to three stages: Aurora has agreed to loan Hempco $750,000 at an 8-per-cent interest rate. The loan is repayable upon the earliest of: June 8, 2019, a demand by Aurora for repayment, such demand which can only be made on or after Dec. 21, 2017, or the completion of all or any portion of Hempco's non-brokered private placement of units, as announced by Hempco on June 7, 2017.
Upon satisfactory completion of due diligence by Aurora, as well as the satisfaction of a number of other conditions, Aurora, as the sole investor, proposes to participate in a private placement with Hempco to acquire a total of 10,558,676 units, priced at 30.75 cents per unit, for total gross proceeds of $3.2-million. Each unit shall consist of one share and one full warrant. Each warrant gives Aurora the right to purchase, for a period of two years following the closing date, one common share of Hempco for a price of 41 cents.
Additionally, to satisfy one of Aurora's conditions to participate in Hempco's private placement, Aurora proposes to negotiate to obtain a call option from the two majority owners of Hempco to purchase up to 10,754,942 shares of Hempco from the majority owners as follows:
5,377,471 shares at a price of 30 cents per share;
5,377,471 shares, priced at the volume-weighted average price for the five trading days preceding the date of acquisition of the second tranche, subject to a minimum price of 45 cents per share and a maximum of 65 cents per share;
Following completion of all three stages, if completed, Aurora will own 50.1 per cent of Hempco. The option to acquire the securities would, if exercised, be made through available exemptions under National Instrument 62-104 (takeover bids and issuer bids).... " ENDE Zitat