PRESS RELEASE
6 March 2019

BIG DEAL: GTEC Holdings Ltd. Announces $6.1 Million First Tranche Closing Led By Sprott Capital Partners LP

MG
Minden Gross LLP

Contributor

Minden Gross LLP is a full service business law firm providing counsel in the broad areas of real estate, corporate/commercial transactions, litigation, securities and capital markets, and employment and labour law with global reach through Meritas Law Firms Worldwide. We also advise clients in personal matters related to tax and estate planning.
GTEC Holdings Ltd., (TSXV: GTEC), a leading publicly listed cannabis company holding cultivation, extraction, and analytical testing licenses throughout Canada,
Canada

GTEC Holdings Ltd., (TSXV: GTEC), a leading publicly listed cannabis company holding cultivation, extraction, and analytical testing licenses throughout Canada, closed the first tranche of an up to $8 million private placement offering led by Sprott Capital Partners LP.  As part of the first tranche, GTEC issued 11,126,753 units (each a "Unit" and together, the Units") at a price of $0.55 per Unit for gross proceeds of $6,119,714.

Minden Gross LLP acted for GTEC Holdings Ltd., with a team lead by Andrew Elbaz (Partner, Securities & Capital Markets) and Alex Katznelson (Associate, Securities & Capital Markets).    

Contributor

Minden Gross LLP is a full service business law firm providing counsel in the broad areas of real estate, corporate/commercial transactions, litigation, securities and capital markets, and employment and labour law with global reach through Meritas Law Firms Worldwide. We also advise clients in personal matters related to tax and estate planning.

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