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The BC Bud Co Closes Initial Financing Tranche

The BC Bud Co Closes Initial Financing Tranche

BC Bud Co. 完成了初始融资部分
newsfile ·  2023/08/05 05:00

Vancouver, British Columbia--(Newsfile Corp. - August 4, 2023) - The BC Bud Corporation (CSE: BCBC) (OTCQB: BCBCF) ("The BC Bud Co" or the "Company"), a house of high-quality cannabis brands based out of British Columbia, Canada, announces it has closed an initial tranche of its previously announced (see news release dated July 28, 2023) of its previously announced non-brokered private placement (the "Placement").

不列颠哥伦比亚省温哥华--(Newsfile Corp.,2023年8月4日)——总部位于加拿大不列颠哥伦比亚省的高质量大麻品牌公司BC Bud Corporation(CSE:BCBC)(OTCQB:BCBC)(“The BC Bud Co” 或 “公司”)宣布已关闭其先前宣布的非经纪私募股权的首批股份(见2023年7月28日新闻稿)放置(“放置”)。

Gross proceeds of $52,500 were raised through the sale of 700,000 units at a price of $0.075 per unit (each a "Unit"). Each Unit comprised one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase a further common share at a price of $0.15 per share until August 4, 2026.

总收益为52,500美元,是通过以每单位0.075美元的价格出售70万套(每套 “单位”)筹集的。每个单位由一股普通股和一份股票购买权证组成。每份整份认股权证使持有人有权在2026年8月4日之前以每股0.15美元的价格再购买一股普通股。

No finder's fees were paid in connection with the initial tranche of the Placement. All securities issued in the first tranche are subject to a hold period in Canada expiring on December 5, 2023.

没有为配售的初始部分支付任何发现费。第一批发行的所有证券均受加拿大持有期限制,持有期将于2023年12月5日到期。

Proceeds of the Placement will be utilized for business development and general working capital purposes.

配售所得款项将用于业务发展和一般营运资金用途。

Additionally, the Company reports that its subsidiary, the BC Bud Holdings Corp. ("Holdings") has entered into an amending agreement with Sutton Ventures Ltd. ("Sutton"), a private entity owned and controlled by CEO, Brayden Sutton, to increase the amount of the secured loan dated January 22, 2021 from $100,000 to $150,000 (the "Amendment"). All other terms of the loan remain the same.

此外,该公司报告称,其子公司BC Bud Holdings Corp.(“Holdings”)已与首席执行官布雷登·萨顿拥有和控制的私人实体萨顿风险投资有限公司(“萨顿”)签订了修正协议,将2021年1月22日的担保贷款金额从10万美元增加到15万美元(“修正案”)。贷款的所有其他条款保持不变。

Additionally, Holdings has also entered into a loan agreement dated August 4, 2023 with Cybin Therapeutics Inc. ("Cybin") pursuant to which Cybin has advanced to Holdings the principal amount of $60,000 (the "Loan"). The Loan is due on July 30, 2024 and bears interest at a rate of 8% per annum, payable upon maturity. The Loan will be secured by a general security interest in the personal property of Holdings. Cybin is a private entity in which both Brayden Sutton, CEO and director and Josh Taylor, President and director, are controlling shareholders.

此外,Holdings还与Cybin Therapeutics Inc.(“Cybin”)签订了2023年8月4日的贷款协议,根据该协议,Cybin已向Holdings预付了6万美元的本金(“贷款”)。该贷款将于2024年7月30日到期,年利率为8%,到期时支付。该贷款将由Holdings个人财产的一般担保权益担保。Cybin是一家私人实体,首席执行官兼董事布雷登·萨顿和总裁兼董事乔什·泰勒都是控股股东。

As both Sutton and Cybin are controlled by directors of the Company, the Amendment and the Loan constitute "related party transactions" as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority approval requirements under MI 61-101. The Company relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of the Loan and the Amendment do not exceed 25% of the Company's market capitalization.

由于Sutton和Cybin均由公司董事控制,因此该修正案和贷款构成 “关联方交易”,该术语的定义见多边文书61-101——在特殊交易中保护少数证券持有人(“MI 61-101”)。该公司依赖MI 61-101规定的正式估值和少数股权批准要求的豁免。由于贷款和修正案的公允市场价值不超过公司市值的25%,公司依靠MI 61-101第5.7(1)(a)条豁免了MI 61-101的少数股东批准要求,因此公司依靠MI 61-101的第5.5(a)条豁免了正式估值要求。

About The BC Bud Co
The B.C. Bud Co. is a house of brands created by industry professionals who are passionate about the user experience.

关于 BC Bud Co
B.C. Bud Co. 是一家由对用户体验充满热情的行业专业人士创建的品牌之家。

Investor Relations
Phone: 1-(778)-656-0377
Email: invest@thebcbc.com
Web:

投资者关系
电话:1-(778) -656-0377
电子邮件:invest@thebcbc.com
网页:

Disclaimer
Forward-Looking Statements
Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

免责声明
前瞻性陈述
本新闻稿中包含的某些陈述构成前瞻性信息或陈述(统称为 “前瞻性陈述”),包括由 “预期”、“相信”、“计划”、“估计”、“期望”、“打算”、“可能”、“应该” 等表述以及与公司或其管理层相关的类似表述所确定的信息或陈述。前瞻性陈述不是历史事实,而是反映了当前对未来业绩或事件的预期。本新闻稿包含前瞻性声明。这些前瞻性陈述基于当前的预期以及各种估计、因素和假设,涉及已知和未知的风险、不确定性和其他因素。

Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to obtain regulatory approval, the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.

前瞻性陈述不能保证未来的表现,涉及难以预测的风险、不确定性和假设。可能导致实际业绩与前瞻性陈述中的业绩存在重大差异的因素包括未能获得监管部门的批准、资本和融资的持续可用性以及总体经济、市场或商业状况,包括 COVID-19 的影响。本警示声明明确限定了本新闻稿中包含的前瞻性陈述。这些陈述不应被视为对未来表现或业绩的保证。此类陈述涉及已知和未知的风险、不确定性和其他因素,这些因素可能导致实际结果、业绩或成就与此类陈述所暗示的结果存在重大差异。尽管此类陈述基于管理层的合理假设,但无法保证这些陈述会被证明是准确的,也无法保证管理层对未来发展、情况或结果的预期或估计会实现。除非法律要求,否则公司不负责更新或修改前瞻性信息以反映新的事件或情况。读者不应过分依赖公司的前瞻性陈述。

Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

加拿大证券交易所(“CSE”)及其监管服务提供商(该术语在CSE的政策中定义)均不对本新闻稿的充分性或准确性承担责任。

To view the source version of this press release, please visit

要查看本新闻稿的源版本,请访问

译文内容由第三方软件翻译。


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