1-31-18 8:01 AM EST | Email Article

Each Unit is comprised of one Class A Share of KDA Group and one warrant (the “ Warrant “). Each Warrant entitles the holder to purchase a Class A Share at an exercise price of $0.45 per share for a period of 24 months ending January 31, 2020. The securities issued in connection with the Private Placement are subject to a four-month hold period expiring on June 1, 2018.

KDA Group will use the Private Placement proceeds to fund its cash flow activities. As a result of the Private Placement, there are 42 930 614 Class A Shares issued and outstanding and if all the Warrants are exercised by the holders a total 43 473 471 Class A Shares will be issued in outstanding.

The Private Placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. No finder’s fee is payable in connection with the Private Placement.

 

About KDA Group

KDA Group is a leading solution and service provider to the pharmaceutical market for the distribution of generic drugs and specialized solutions. Today it is a respected name for quality and expertise among pharmacists. Its management team is guided by a vision of continuing to lead the way in Quebec while extending operations across Canada and internationally. Additional information on the Corporation is available at www.kdagroup.ca and on SEDAR at www.sedar.com .

 

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CAUTION REGARDING FORWARD-LOOKING STATEMENTS

 

This press release from KDA Group contains forward-looking statements. Forward-looking statements are typically identified by the words assumption , goal , guidance , objective , outlook , strategy , target, and other similar expressions, or future or conditional verbs such as  aim , anticipate , believe , predict , could , expect , intend , may , plan , seek , should , strive, and  will . By their nature, forward-looking statements require us to make estimates and assumptions and express opinions based on current conditions and anticipated developments, as well as other factors that Management may deem appropriate under the circumstances. There is inherent uncertainty and significant risk in these estimates, assumptions, and opinions, particularly of a commercial, economic, and competitive nature, and they are therefore subject to change. KDA Group cannot guarantee that these estimates, assumptions, and opinions will prove to be accurate.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

INFORMATION

Bruno Dumais, CPA, CA

Chief Financial Officer

418 755-0821

info@groupekda.ca

 

Copyright (c) 2018 TheNewswire - All rights reserved.

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