Mar. 24 at 1:39 PM
$HLRTF Hillcrest is also pleased to announce its intent to complete a Shares for Debt Offering ("Offering") of units of the Company (the "Units") at a price of
$0.18 per Unit for up to
$500,000 in debt.
Each Unit will consist of one common share in the capital of the Company (each, a "Share") and one Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase an additional Share (a "Warrant Share") at a price of
$0.20 per Warrant Share for a period of 12 months following the date of issuance of the Warrant.
All securities issued in connection with the Private Placement are subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.
