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Halo Labs Inc. announces At- The-Marketing Equity Financing Program

Fasken
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Overview

Client

PI Financial Corp.

On September 17, 2020, Halo Labs Inc. ("Halo" or the "Company") announced that it has established an "at-the-market" equity program ("ATM Program") under which Halo may from time to time sell an aggregate of up to C$7 million of its common shares (the "Common Shares") through PI Financial Corp. (the "PI Financial"), as agent. Any Common Shares sold under the ATM Program will be made through "at-the-market" distributions as defined under National Instrument 44-102 and sold through the Neo Exchange Inc. or another marketplace (as defined in National Instrument 21-101 - Marketplace Operation) upon which the Common Shares are listed, quoted or otherwise traded, at the prevailing market price at the time of sale.

Distributions of Common Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated September 16, 2020 by and among the Company and PI Financial.

The offering of Common Shares under the ATM Program is qualified by a prospectus supplement dated September 16, 2020 (the "Prospectus Supplement") to the Company's short form base shelf prospectus dated September 2, 2020 (the "Shelf Prospectus"), which were each filed with the applicable securities regulatory authorities in each of the provinces and territories in Canada.

Fasken advised PI Financial with a team lead by John Sabetti and Mike Stephens, and including Gurinder (Gigi) Gujral and Allison Marks.

Team

  • John M. Sabetti, Partner | Mergers & Acquisitions, Toronto, ON, +1 416 865 4455, jsabetti@fasken.com
  • Allison Marks, Partner | Mergers & Acquisitions, Toronto, ON, +1 416 868 7525, amarks@fasken.com
  • Gurinder (Gigi) Gujral, Associate | Corporate/Commercial, Toronto, ON, +1 416 868 3431, ggujral@fasken.com
  • Mike M. Stephens, Partner | Information Technology, Vancouver, BC, +1 604 631 3162, mstephens@fasken.com