Feb 4 (Reuters) - Canopy Rivers Inc RIV.V :
* CANOPY RIVERS ANNOUNCES INVESTMENT FROM CANOPY GROWTH AND BOUGHT DEAL FINANCING FOR TOTAL GROSS PROCEEDS OF $85 MILLION
* CANOPY RIVERS INC - JOINT BOOKRUNNERS HAVE AGREED TO PURCHASE 11.5 MILLION SUBORDINATED VOTING SHARES ON A "BOUGHT DEAL" BASIS
* CANOPY RIVERS INC - BOOKRUNNERS AGREED TO PURCHASE 11.5 MILLION SHARES AT $4.80 PER SUBORDINATED VOTING SHARE FOR GROSS PROCEEDS OF ABOUT $55 MILLION
* CANOPY RIVERS INC - CANOPY GROWTH WILL PURCHASE A MINIMUM OF 6.25 MN SUBORDINATED VOTING SHARES ON A PRIVATE PLACEMENT BASIS
* CANOPY RIVERS INC - COMBINED GROSS PROCEEDS TO COMPANY UNDER OFFERING WILL BE A MINIMUM OF ABOUT $85 MILLION