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BRIEF-TGOD Intends Spinco Offering Of Up To 20 Mln Subscription Receipts

Published 2018-09-25, 08:12 a/m
© Reuters.  BRIEF-TGOD Intends Spinco Offering Of Up To 20 Mln Subscription Receipts
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Sept 25 (Reuters) - Green Organic Dutchman Holdings Ltd TGOD.TO :

* THE GREEN ORGANIC DUTCHMAN PROVIDES UPDATE ON SPIN-OFF TRANSACTION AND ANNOUNCES INTENTION OF TGOD ACQUISITION TO COMPLETE PRIVATE PLACEMENT OFFERING OF SUBSCRIPTION RECEIPTS

* GREEN ORGANIC DUTCHMAN HOLDINGS - INTENDS TO COMPLETE SPINCO OFFERING OF UP TO 20 MILLION SUBSCRIPTION RECEIPTS AT PRICE OF $0.50 PER SUBSCRIPTION RECEIPT

* GREEN ORGANIC DUTCHMAN HOLDINGS LTD - INTENDS TO USE NET PROCEEDS OF SPINCO OFFERING TO EXECUTE ON SPINCO'S INVESTMENT STRATEGY

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