Transactions

Transactions

Overview

Well Told Inc. Completes $5.5 Million Private Placement Offering of Subscription Receipts

September 09, 2021

Well Told Inc. (“Well Told”), a Canadian wellness company that offers plant-based supplements, remedies and other functional wellness products, completed a private placement offering of subscription receipts for aggregate gross proceeds of approximately $5.5 million (the “Offering”). The Offering was completed in connection with Well Told’s proposed reverse take-over transaction with Agau Resources Inc. (to be renamed “The Well Told Company Inc.”) (the “RTO”).

Upon completion of the RTO, the subscription receipts will automatically convert into one Class B common share and one-half of one Class B warrant of Well Told, which will then be immediately exchanged for common shares and common share purchase warrants of The Well Told Company Inc.

Canaccord Genuity Corp. acted as lead agent in respect of the Offering together with a syndicate of agents that included Echelon Wealth Partners Inc. and Richardson Wealth Limited.

Wildeboer Dellelce LLP acted for the agents in connection with the Offering with a team comprised of Sanjeev Patel, Joel Fraser, Natalie Tershakowec and Jeff Arnold (corporate/securities).