P2P Group Announces Leading Investment Group Underwriting
(CSE: PPB / OTC: PPBGF / FSE: 3QG)
investor@p2p-group.com
Key Highlights
- Company to accelerate 3.17M warrants at
CAD$0.14 following VWAP milestone trigger. - Leading
Hong Kong -based high conviction investment group with Defence and Cybersecurity investments,Myer Walker Group has approached the Company to informally underwrite and advise on the 15.5 warrants acceleration program and the company's next phase of growth and imminent name change. - Total acceleration includes 12.3m warrants at
CAD$ 0.18 , pending market conditions. If all Warrant exercises are accelerated, the Company will be well-funded for long-term growth.
In parallel to this acceleration, Myer Walker, a global high-conviction investment company founded by the experienced and highly successful
-
3,172,079 warrants at
CAD$0.14
Subject to acceleration if the VWAP exceedsCAD$0.20 for 10 consecutive trading days. -
12,386,418 warrants at
CAD$0.18
Subject to acceleration if the VWAP exceedsCAD$0.25 for 10 consecutive trading days.
The warrants referenced above were originally issued in private placements to strategic groups, friends, family, and long-term supporters of the Company. Those who do not wish to exercise their warrants may contact the Company to facilitate.
About
Myer Walker is an active investment company based in
Pursuant to the terms of the
On
Holders may exercise the Warrants before
The proceeds will be used for working capital purposes.
The Company advises that with this current Warrant acceleration, as of
Myer Walker will be paid up to
About
This document contains certain forward-looking statements that are based on assumptions as of the date of this news release. Forward-looking statements are frequently characterised by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect and the actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. 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.
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