Icanic Announces Closing of Recapitalization Transaction and C$1.3 Million Private Placement
The Warrants are governed by a warrant indenture (the Warrant Indenture) entered into as of the Effective Date between Icanic and Odyssey, as warrant agent.
- The Warrants are governed by a warrant indenture (the Warrant Indenture) entered into as of the Effective Date between Icanic and Odyssey, as warrant agent.
- The Company is also pleased to announce the closing of its previously announced private placement pursuant to which certain insiders and strategic investors of Icanic were issued New Secured Debentures in the aggregate principal amount of C$1,300,000 (the Additional Secured Debentures).
- The Warrants are governed by a warrant indenture entered into as of September 8, 2022 between Icanic and Odyssey, as Warrant agent.
- This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities.