HempNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Raising Funds through Sale of Units
Sunniva (CSE: SNN) (OTCQX: SNNVF) recently revealed its intention to raise C$20 million through the sale of units of the company to a syndicate of underwriters, detailed in a company press release (http://cnw.fm/ZMw2T). The terms of the sale are an amendment of a previously announced agreement to sell 1.9 million units. An article discussing the company’s plan reads, “Sunniva announced that the syndicate will purchase 3.8 million units priced at C$5.27 per unit, an amendment of the previously publicized agreement which said that the syndicate was to buy 1.9 million units. Subject to the approval of the Canadian Securities Exchange,…