Maple Leaf Green World has announced private placement of units has been oversubscribed.
The company has received subscriptions for 7,866,600 Units at a subscription price of $0.70 per Unit, for total gross proceeds of $5,506,620 and it intends to apply to the TSX Venture Exchange for final acceptance of the increased offering.
Upon receipt of final acceptance from the Exchange, the Company will close the offering. Each offered unit consists of one common share and one common share purchase warrant exercisable for two years from the date of closing at a price of $1.00.
The strong interest from investors and the additional funds raised in the offering is expected to allow Maple Leaf to accelerate the development of its B.C. and Las Vegas medical cannabis projects.