Catch the Wind Ltd. has announced that it has entered into an agreement with a syndicate of agents led by National Bank Financial Inc. and Dundee Securities Corporation and including Mackie Research Capital Corporation to engage in a fully marketed offering of common shares of the Company.
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The pricing of the Offering and the amount to be raised will be determined by the Agents and Catch the Wind in the context of the market. The net proceeds of the Offering will be used for further development, production and sales of the Company’s product lines, and for general corporate purposes. The Agents will receive a commission of 6.0% of the gross proceeds raised in the Offering in cash. The securities to be offered have not been registered under the United States Securities Act of 1933, as amended (the “Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. The securities will be offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the Act and may not be resold in the United States or to US persons unless registered under the Act or pursuant to an exemption from registration under the Act.