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Green Mining Innovation Inc. — Capital/Financing Update 2021
Jun 4, 2021
46766_rns_2021-06-04_3f354b71-2a8e-4eba-8688-9dbcec25edd9.pdf
Capital/Financing Update
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FORM 51–102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Harrys Manufacturing Inc. (the “ Company ”) 1070 – 1055 West Hastings Street Vancouver, BC, V6E 2E9
Item 2 Date of Material Change
May 13, 2021
Item 3 News Release
A news release dated May 13, 2021 was disseminated and subsequently filed on SEDAR.
Item 4 Summary of Material Change
The Company completed a non-brokered private placement for gross proceeds of $423,399.84.
Item 5 Full Description of Material Change
On May 13, 2021, the Company closed a non-brokered private placement comprised of 3,528,332 units of the Company (each, a “ Unit ”) at $0.12 per Unit for gross proceeds of $423,399.84 (the “ Offering ”). Each Unit consisted of one (1) common share in the capital of the Company (a “ Share ”) and one (1) transferable common share purchase warrant of the Company (a “ Warrant ”). Each Warrant is exercisable into one (1) additional Share (a “ Warrant Share ”) at an exercise price of $0.20 per Warrant Share on or before May 13, 2023.
In connection with the Offering, the Company paid aggregate cash finder’s fees totaling $5,280 and issued 44,000 finder’s warrants (the “ Finder’s Warrants ”) to certain qualified arm’s length finders. Each Finder’s Warrant is exercisable into one (1) Share (a “ Finder’s Warrant Share ”) at an exercise price of $0.20 per Finder’s Warrant Share on or before May 13, 2023.
All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation ending on September 14, 2021. The Company intends to use the proceeds from the Offering for general working capital purposes and to fund the Company’s entrance into the Canadian tobacco market, including initial product inventory purchases, excise taxes, regulatory security deposit requirements and staffing.
Item 5.2 Disclosure for Restructuring Transactions
Not applicable.
Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
LEGAL_36441056.1.docx
Item 7 Omitted Information
Not applicable.
Item 8 Executive Officer
The name and telephone number of the officer of the Company who is knowledgeable about the material change and the Material Change Report is:
Michael Young, Chief Financial Officer
Tel: 604-565-5100
Item 9 Date of Report June 4, 2021
2
LEGAL_36441056.1.docx