Core Viewpoint - City View Green Holdings Inc. is proposing a non-brokered private placement of units totaling up to $325,000 at a price of $0.08 per unit, which includes common shares and purchase warrants [1][2]. Group 1: Offering Details - The offering will consist of units priced at $0.08 each, with each unit comprising one common share and one-half of a common share purchase warrant [1]. - Each whole warrant allows the holder to purchase one common share at an exercise price of $0.15 for the first six months, increasing to $0.20 thereafter [1]. - The company may accelerate the expiry date of the warrants if the closing price of its common shares exceeds $0.22 for 10 consecutive trading days [1]. Group 2: Use of Proceeds - Proceeds from the sale of the units will be allocated to fund general working capital expenses [2]. Group 3: Securities Regulations - All securities issued under the offering will be subject to a hold period of four months and one day from the issuance date, in accordance with CSE policies [3]. - The offering is being made to qualified purchasers under exemptions from prospectus and registration requirements [2]. Group 4: Insider Participation - It is expected that insiders of the company will participate in the offering, which may be considered a related party transaction [4]. - Insider participation will be exempt from formal valuation and minority shareholder approval requirements due to the company's market capitalization not exceeding 25% of the securities distributed [4].
City View Green Holdings Inc. Announces Non-Brokered Private Placement