Namaste (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) Announces Filing of Final Prospectus Explained
Channel: RICH TV LIVE
Date: 2018-10-19

Namaste Announces Filing of Final Prospectus Explained - RICH TV LIVE - October 19, 2018 -  Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that it has filed a final short form prospectus in connection with its bought deal offering of 15,000,000 units of the Company at $3.00 per unit (the “Offering”) previously announced on September 26, 2018. The prospectus has been filed in each of the Provinces of Canada, other than Québec.

The Company and the underwriters have also entered into an amended and restated underwriting agreement amending the terms of the warrants issuable in connection with the units, and pursuant to the exercise of the underwriters’ compensation options, such that:

the units will be comprised of three-quarters of one common share purchase warrant (from one-half);
each whole warrant will be exercisable at $3.15 per common share (from $3.50); and
each warrant will be exercisable for a period of 60 months (from 48 months).
The closing of the Offering is scheduled on or about October 25, 2018. The Offering is subject to the issuance of a final receipt by the applicable securities regulatory authorities, and TSXV Venture Exchange (“TSXV”) final acceptance of requisite regulatory filings.
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