AI assistant
CENTR Brands Corp. — Capital/Financing Update 2020
May 27, 2020
47065_rns_2020-05-27_95ffc367-a54e-4699-bbf7-eaf7c5d6c90b.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
FORM 51-102F3 MATERIAL CHANGE REPORT
1. Name and Address of Company
CENTR Brands Corp. (the “Company”) Suite 200, 2318 Oak Street Vancouver, BC V6H 4J1
2. Date of Material Change
May 21, 2020
3. News Release
A news release with respect to the material change referred to in this report was issued and disseminated on May 22, 2020 and filed the System for Electronic Document Analysis and Retrieval (“SEDAR”). A copy of the news release is available under the Company’s profile on SEDAR at www.sedar.com.
4. Summary of Material Change
The Company closed its previously announced private placement of common shares for aggregate gross proceeds of $400,000.00.
5. Full Description of Material Change
The Company closed its previously announced private placement of common shares for aggregate gross proceeds of $400,000.00 (the “Offering”). A total of 800,000 common shares of the Company were issued under the Offering at $0.50 per common share. No finder's fees were paid in connection with the Offering.
The Company intends to use the net proceeds of the Offering for general working capital purposes.
6. Reliance on Subsection 7.1(2) of National Instrument 51-102
Not Applicable.
7. Omitted Information
Not Applicable.
8. Executive Officer
The name and business number of the executive officer of the Company who is knowledgeable about the material change and this report is:
Joseph Meehan, Chief Executive Officer 1-604-733-1514 [email protected]
9. Date of Report
May 27, 2020