“Corel Corp. (CORL) could raise up to another C$16.6 million as
a result of the issue of half warrants in its previously announced
financing with Cannacord Capital Corp.”
“In a news release, Corel said a half warrant will be issued
to the purchasers of shares because a final prospectus wasn’t
issued within 10 business days following the filing of the
preliminary prospectus. It said each whole warrant entitles
the purchaser to one additional share at C$4.56 within a 12-month
period.”
“Corel said that, if all the warrants are exercised, it will
issue another 3,649,635 common shares, resulting in gross proceeds
of C$16,642,336.”