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CubicFarm Systems to price convertible debenture units
By Abigail W. Adams
Portland, Me., May 26 – CubicFarm Systems Corp. plans to price an overnight offering of convertible debenture units consisting of an 8% convertible debenture and common share purchase warrants, according to a company press release.
Raymond James Ltd. and Canaccord Genuity Corp. are joint bookrunners for the best-efforts offering, which will be marketed via short form prospectus in all provinces of Canada except Quebec.
The offering carries a greenshoe of 15%.
Proceeds will be used for general corporate purposes.
CubicFarm is a Vancouver, B.C.-based local chain agricultural technology company.
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