Monday, September 8, 2025

Latest

Red Light Holland To Conduct $5.0 Million Bought Deal Financing

Red Light Holland (CSE: TRIP) is looking to add to its war chest with the announcement this morning that the company will look to complete a bought deal financing to the tune of $5.0 million. The announcement comes just two weeks after the company announced $12.2 million was sitting in the bank as a result of $5.0 million in recent warrant exercises.

The bought deal financing, which will see Eight Capital act as the sole bookrunner and underwriter, aims to raise $5.0 million via the sale of 19.6 million units at $0.255 per unit. Each unit is to contain one common share and one common share purchase warrant, with each warrant valid for 42 months after closing while containing an exercise price of $0.38 per share.

Notably, warrants also contain an acceleration clause should the price of the equity exceed $0.89 for ten consecutive days on a volume weighted basis. A 15% over-allotment option has also been granted in connection with the offering.

Proceeds from the financing are to be used for general corporate purposes and working capital.

The financing is currently expected to close by January 28, 2021.

Red Light Holland last traded at $0.29 on the CSE.


Information for this briefing was found via Sedar and Red Light Holland. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Red Light Holland, Creso Pharma Walk From Merger Due To COVID Headwinds

Red Light Holland (CSE: TRIP) and Creso Pharma (ASX: CPH) evidently have elected to walk...

Monday, August 30, 2021, 09:12:37 AM

Red Light Holland To Consult PharmAla On Developing Medical Psilocybin

Red Light Holland (CSE: TRIP) is making moves to enter the clinical side of psilocybin,...

Friday, February 9, 2024, 08:50:24 AM

Red Light Holland To Conduct $5.1 Million Bought Deal Financing

Less than a month after its last bought deal, Red Light Holland (CSE: TRIP) has...

Wednesday, February 3, 2021, 08:14:11 AM

Red Light Holland Begins Growing 1,000 Kilos Of Truffles

Red Light Holland (CSE: TRIP) has commenced growing 1,000 kilograms of magic truffles. The company...

Tuesday, December 15, 2020, 09:24:34 AM

US Cannabis: How Will New York Play Out? – The Daily Dive Featuring Bruce Linton

Joining back on the Daily Dive is Bruce Linton, founder and former CEO of Canopy...

Tuesday, September 28, 2021, 01:30:00 PM