On November 23, 2020, 4Front Ventures Corp (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company”) completed a bought deal prospectus offering (the “Offering”) of units of the Company for aggregate gross proceeds of C$17,251,150, including full exercise of the over‐allotment option granted to the underwriters in connection therewith.
Pursuant to the Offering, the Company issued a total of 24,644,500 units at a price of C$0.70 per Unit. Each unit consists of one class A subordinate voting share (the “Shares”) in the capital of the Company and one‐half (1/2) of one class A subordinate voting share purchase warrant (each whole warrant, a “Warrant”) of the Company. Each Warrant entitles the holder thereof to acquire one Share (a “Warrant Share”) at an exercise price per Warrant Share of C$0.90 for a period of 24 months from the closing date of the Offering.
The Offering was conducted by a syndicate of underwriters led by Beacon Securities Limited and including Canaccord Genuity Corp. and Haywood Securities Inc.
Fasken advised 4Front Ventures Corp. with a team led by Rubin Rapuch which included Tracy Hooey (M&A/Corporate)
Alex Nikolic (M&A/Corporate), Justine Connors (M&A/Corporate), Martin Pinho (M&A/Corporate), Russell Lindzon (M&A/Corporate), Sarah Chouinard (M&A/Corporate), Alexis Shamess (Articling Student) and Alec McIlwraith-Black (Articling Student).
Pursuant to the Offering, the Company issued a total of 24,644,500 units at a price of C$0.70 per Unit. Each unit consists of one class A subordinate voting share (the “Shares”) in the capital of the Company and one‐half (1/2) of one class A subordinate voting share purchase warrant (each whole warrant, a “Warrant”) of the Company. Each Warrant entitles the holder thereof to acquire one Share (a “Warrant Share”) at an exercise price per Warrant Share of C$0.90 for a period of 24 months from the closing date of the Offering.
The Offering was conducted by a syndicate of underwriters led by Beacon Securities Limited and including Canaccord Genuity Corp. and Haywood Securities Inc.
Fasken advised 4Front Ventures Corp. with a team led by Rubin Rapuch which included Tracy Hooey (M&A/Corporate)
Alex Nikolic (M&A/Corporate), Justine Connors (M&A/Corporate), Martin Pinho (M&A/Corporate), Russell Lindzon (M&A/Corporate), Sarah Chouinard (M&A/Corporate), Alexis Shamess (Articling Student) and Alec McIlwraith-Black (Articling Student).
Jurisdiction
- Ontario
