TSX-V: AVII.P
VANCOUVER, BC, Aug. 4, 2021 /CNW/ - Antera Ventures II
Corp. (the "Company") is pleased to announce
that it has completed its initial public offering of 5,000,000
common shares in the capital of the Company (the "Shares")
at a price of $0.10 per Share for
gross proceeds of $500,000 (the
"Offering") pursuant to a prospectus dated June 24, 2021 (the "Prospectus") filed
with the British Columbia,
Alberta, and Ontario Securities
Commissions. The Company's Shares are expected to commence trading
as a Capital Pool Company on Tier 2 of the TSX Venture Exchange
(the "TSXV") on August 6, 2021
under the symbol AVII.P.
Haywood Securities Inc. (the "Agent") acted as lead agent
for the Offering. Pursuant to the Offering, the Company compensated
the Agent as follows: (1) $45,000
cash commission, (2) $10,000
corporate finance fee, and (3) options to purchase up to 450,000
Shares of the Company (the "Agent's Options") were issued to
the Agent and members of the Agent's selling group at a price of
$0.10 per Share exercisable for a
period of 60 months from the date the Shares are listed on the TSXV
(the "Listing Date"). The Company also granted to its
directors and officers incentive options to acquire up to 1,500,000
Shares at a price of $0.10 per Share,
exercisable for a period 10 years from the Listing Date (the
"Directors' and Officers' Options").
As of the date hereof, the Company has 15,000,000 Shares issued
and outstanding (11,000,000 of which are subject to escrow
restrictions) and an aggregate of 1,950,000 Shares are reserved for
issuance upon the exercise of the Agent's Options and Directors'
and Officers' Options.
About Antera Ventures II Corp.
The Company is designated as a Capital Pool Company under Policy
2.4 of the TSXV. The Company has not commenced commercial
operations and has no assets other than cash. The purpose of the
Offering is to provide the Company with funds to identify and
evaluate businesses or assets with a view to completing a
Qualifying Transaction (as defined in the Prospectus). Any proposed
Qualifying Transaction must be approved by the TSXV and, in the
case of a non-arm's length Qualifying Transaction, must also
receive majority approval of the minority shareholders. Until
the completion of a Qualifying Transaction, the Company will not
carry on any business other than the identification and evaluation
of businesses or assets with a view to completing a proposed
Qualifying Transaction.
For further information regarding the Company, the Offering, and
the Company's management team, please contact Raj Dewan, Director,
at (416) 865-7878 and see the Prospectus filed on the Company's
SEDAR profile at www.sedar.com.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or
sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
The information in this news release includes certain
information and statements about management's view of future
events, expectations, plans and prospects that constitute forward
looking statements. These statements are based upon assumptions
that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of
factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and
indicated by these forward looking statements. Forward-looking
statements in this news release include, but are not limited to,
the Company's anticipated trading date on the TSXV and the ability
of the Company to complete a Qualifying Transaction. Any number of
factors could cause actual results to differ materially from these
forward-looking statements as well as future results. Although the
Company believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the
expectations of any forward looking statements will prove to be
correct. Except as required by law, the Company disclaims any
intention and assumes no obligation to update or revise any forward
looking statements to reflect actual results, whether as a result
of new information, future events, changes in assumptions, changes
in factors affecting such forward looking statements or
otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Antera Ventures II Corp.
