Eden Empire Completes Second Tranche Closing of Private Placement

Each Unit in the Private Placement is comprised of one common share of the Company (a “Share”) at a price of C$0.05 per Share, and one common share purchase warrant (a “Warrant”, and together with a Share, a “Unit”). ‎Each Warrant entitles the holder thereof to acquire one Share of the Company at a price of ‎C$0.10 for a period of 36 months from the date of issuance (the “Warrant Expiry Date”). If the daily volume weighted average price of the Company’s Shares on the Canadian Securities Exchange (“CSE”) is C$0.24 per share or greater for any 10 consecutive trading days during the period where the Warrants are outstanding, the Company may, by written notice to the holder or by issuing a news release, accelerate the Warrant Expiry Date of the Warrants to be 30 days following the date of such notice or news release. Read More