CENTR Brands Corp. (OTCQB: CNTRF) (CSE:CNTR) (FSE:303) completed non-brokered private placement financing pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 on March 3, 2023. Pursuant to the financing, the corporation issued an aggregate of $5 million of units of the company at an issue price of $0.30 per unit.
Each unit is comprised of one common share and one common share purchase warrant of the company. Each warrant is exercisable to acquire one common share of the company at an exercise price of $0.50 per warrant share for a period of three years following the date of issue, subject to a redemption timing adjustments in certain events. If, at any time following the closing date, the daily volume weighted average trading price of the common shares on the Canadian Securities Exchange is greater than $0.70 per common share for a period of 5 consecutive trading days, …