Subject: Smallcap Discoveries: Private Placement Opportunity

Smallcap Discoveries: Private Placement Opportunity

TSX.V: HASH


We have arranged a Private Placement with Simply Solventless Concentrates (TSX.V: HASH) for Smallcap Discoveries members only. Both Paul and Trevor will be participating in this offering.


Terms:


Non-brokered private placement of up to 3,333,333 units (“Units”) at a price of $0.15 per Unit for aggregate gross proceeds of up to $500,000 (the “Financing”). Each Unit consists of one common share and one common share purchase warrant (“Warrant”) of SSC. Each Warrant is exercisable for one common share of SSC at a price of $0.20 per share for a period of three years from the date of issue. All securities issued under the Financing will be subject to a hold period expiring four months and one day from the date of issue.


Use of proceeds:


SSC intends to use the net proceeds of the Financing to facilitate accelerated production of its Astrolab, Frootyhooty and Lamplighter products for delivery into the Ontario and Alberta recreational cannabis markets, and for capital expenditures related to production efficiencies.

  • Participation is for Accredited Investors only.

If you wish to participate please send a confirmation email, along with your requested amount to:


Trevor@smallcapdiscoveries.com and please CC: paul@smallcapdiscoveries.

Current structure:


Issued and Oustanding: 50.48 million

Warrants: 11.3 million $0.20 exercise, expiring August 28, 2026.

Options: 4.25 million weighted average exercise of $0.19

Fully Diluted: 66.03 million

No debt

Pre-money Market Cap: $8.08 million


Corporate presentation - Click here


Most recent financials below:

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