a close up of a pen


Maple Leaf Green World Inc. completes C$7.3M private placement

Date closed: 5/4/2017

Value: C$7.3 million

On May 4, 2017, Maple Leaf Green World Inc. (TSXV: MGW) (Maple Leaf) closed its upsized non-brokered private placement of an aggregate of 13,216,070 units (Units) at a price of $0.55 per Unit for aggregate gross proceeds of $7,268,838.50 (the Offering). Each Unit consists of one common share of Maple Leaf (Common Shares) and one Common Share purchase warrant (Warrants). Each whole Warrant is exercisable into one Common Share at a price of $0.85 per Common Share until May 4, 2019.

Maple Leaf, headquartered in Calgary, Alberta, is a producer of medical cannabis.

BLG represented Maple Leaf with a team led by Ravi Latour that included Jason Wang (Student).