Vert to Look at Mushroom Opportunities and Announces $0.10 Non-Brokered Unit Private Placement

(TheNewswire)

VANCOUVER, British Columbia – TheNewswire - January 29th, 2020 VERT Infrastructure Corp. (CSE:VVV) (CNSX:VVV.CN) (“VERT” or the “Company”) announces a proposed non-brokered private placement offering (the “Offering”) to raise CDN$1,000,000 by the issuance of 10,000,000 units (each, a “Unit”) at a price of $0.10 per Unit on the terms as further set out below.  

Offering

Each Unit of the Offering will be comprised of one common share in the capital of the Company (each, a “Common Share”) and one common share purchase warrant with each warrant being exercisable at a price of CDN$0.15 per Warrant for a period of 24 months from the date of issuance.

All securities issued in connection with the Offering will be subject to a four month and a day hold period. As compensation for the services provided in connection with the Offering, certain eligible finders will receive a cash commission equal to 10% of the gross proceeds raised in the Offering from purchasers directly introduced to the Company by the finders.

Management anticipates that the Company will allocate the net proceeds of the Offering as follows: 50% for paying down existing defaults and debts as noted in the company’s press release of January 10th, 2019, 10% for legal and accounting, 20% to develop the company’s investments including potential investments in to the mushroom business, 20% towards general working capital.

Company Contact
Arif Merali

CEO & Director
[email protected]
www.vertltd.com

604-484-4206

About VERT Infrastructure Corp.

Vert Infrastructure is engaged in the business of branding, investing, constructing, owning and leasing infrastructure for certain licenced or permitted specialty agricultural businesses.

Disclaimer for Forward-Looking Information

Certain statements in this press release related to the Offering, the securities issuable thereunder and the Transaction are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations.

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