Deer Horn Completes 1st Tranche Closing of Non-Brokered Private Placement
Retrieved on:
Friday, November 6, 2020
VANCOUVER, British Columbia, Nov. 06, 2020 (GLOBE NEWSWIRE) -- Deer Horn Capital Inc. (CSE: DHC) (the Company or Deer Horn), announces that is has closed the first tranche (the First Tranche) of its non-brokered private placement (the Offering) previously announced on October 14, 2020.
Key Points:
- VANCOUVER, British Columbia, Nov. 06, 2020 (GLOBE NEWSWIRE) -- Deer Horn Capital Inc. (CSE: DHC) (the Company or Deer Horn), announces that is has closed the first tranche (the First Tranche) of its non-brokered private placement (the Offering) previously announced on October 14, 2020.
- Deer Horn also issued 1,000,000 units to settle debt of $50,000 owed to Docherty Capital Corp. (DCC), a private company owned and controlled by Tyrone Docherty.
- After completion of the debt settlement issuances, Mr. Docherty now owns/controls 4,552,790 shares of Deer Horn representing approximately 14.7% of the outstanding shares of Deer Horn on a non-diluted basis.
- Mr. Docherty may acquire additional shares or Deer Horn or dispose of Deer Horn shares (through market or private transaction) from time to time.