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Upon closing of the Facility, TGOD will be able to draw
In conjunction with the closing of the Facility and the advance on the Company's accordion facility, the Company will grant, to the Lender and the Senior Lender, respectively, 3,000,000 warrants to purchase common shares and 1,500,000 warrants to purchase common shares (collectively "Warrants"). The Warrants will have an exercise price of
The Facility is subject to the completion of customary closing conditions, including satisfactory documentation, and conditional listing approval of the shares issuable under the Warrants, with expected completion of conditions precedent and closing by
About The
The
TGOD's Common Shares and warrants issued under the indentures dated
Cautionary Statements
This news release includes statements containing certain "forward‐looking information" within the meaning of applicable securities law ("forward‐looking statements"). Forward looking statements in this release includes, but is not limited to, statements about timing or likelihood of closing of the Facility and the ability to receive additional funds under the Facility, the ability of the Company to achieve certain conditions required by the Lender, the ability to receive regulatory approvals, and statements regarding the future performance of the Company. Forward‐looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "should", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward‐looking statements throughout this news release. Forward‐looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties (including market conditions) and other factors that could cause actual events or results to differ materially from those projected in the forward‐looking statements, including those risk factors described in the Company's most recently filed Annual Information Form available on SEDAR. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither the TSX nor the TSX's Regulation Services Provider (as that term is defined in the policies of
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