Prodigy Ventures Inc. Announces Brokered Private Placement

TORONTO, April 11, 2017 /CNW/ - Prodigy Ventures Inc. (TSXV: PGV) (“Prodigy” or the “Company”) today announced that it plans to conduct a private placement offering (the “Offering”), led by Gravitas Securities Inc. (“Gravitas” or the “Underwriter”) on a best efforts basis, to raise a minimum of $3,000,000. The Offering will consist of a minimum of 8,571,430 units (the “Units”) at a price of $0.35 (the “Issue Price”) per Unit.

Each Unit will consist of one common share (“Common Share”) of the Company and one-half of one Common Share warrant (“Warrant”). Each whole Warrant will be exercisable into one Common Share of the Company at a price of $0.50 for a period of 24 months from the date of closing. The Company will have the right to accelerate the expiry date of the Warrants on notice to Warrant holders if the closing price of the Company’s Common Shares is higher than $0.53 for a period of 20 consecutive trading days after a period of four months and one day from the closing of the Offering, in which case the Warrants will expire 30 days after the date on which such notice is given.
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