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EarthRenew upsizes equity offering to $9.5M

  • EarthRenew (OTCQB:VVIVF -19.5%) will offer for sale 38M units at an offering price of $0.25 per unit, for aggregate gross proceeds of $9.5M.
  • Company will grant the agents an option to sell up to an additional 15% of the units sold under the offering.
  • Company intends to use the net proceeds for the acquisition of equipment for expansion of production facilities in Alberta and for working capital and general corporate purposes.
  • If this option is exercised in full, company will receive an additional $1.425M in gross proceeds for total aggregate gross proceeds of $10.925M.
  • Offering is expected to close on or about June 21, 2022.

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