Trade Winds Ventures Inc

Published : March 17th, 2015

Tweed Marijuana Inc. Closes $20 Million Bought Deal Financing

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Tweed Marijuana Inc. Closes $20 Million Bought Deal Financing

SMITHS FALLS, ON , March 17, 2015 /CNW/ - Tweed Marijuana Inc. ("Tweed" or the "Company") (TWD.V), is pleased to announce that it has closed its previously announced short form prospectus offering, on a bought deal basis, of 9,302,400 common shares of the Company for aggregate gross proceeds of $20,000,160 (the "Offering").  The Offering was completed at a price of $2.15 per common share (the "Offering Price") by a syndicate of underwriters led by GMP Securities L.P. and including Dundee Securities Ltd. and M Partners Inc. (collectively, the "Underwriters").

Tweed has also granted the Underwriters an over-allotment option to purchase up to an additional 1,395,360 common shares of the Company at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering.  If this option is exercised in full, an additional $ 3,000,024 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be $23,000,184.

Tweed intends to use the net proceeds from the Offering primarily for facility expansion, operational expenses and general working capital purposes including salaries, general maintenance, utilities, costs associated with regulatory compliance, and costs associated with client acquisition.

 The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable U.S. state securities laws.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States , nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

To read a message from CEO and Chairman Bruce Linton to Tweed customers on the exciting things happening at Tweed, please click here.

About Tweed Marijuana

Tweed is Canada's first publicly traded medical marijuana company and the first geographically diversified producer with dual licenses under the Marihuana for Medical Purposes Regulations.

Through its wholly owned subsidiaries, Tweed Inc. and Tweed Farms Inc., the Company operates two state-of-the-art production facilities in Ontario and distributes marijuana across the country to Canadian patients managing a host of medical conditions.

The Company is dedicated to educating healthcare practitioners, providing consistent access to high quality medication, and furthering the public's understanding of how marijuana is used for medical purposes.

Notice regarding Forward Looking Statements

This news release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Tweed or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Examples of such statements include statements regarding the use of proceeds from the Offering. Such forward-looking statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to: the ability to obtain any necessary financing; the economy generally; the yield from Tweed's marijuana growing operations; consumer interest in products; competition; regulation and anticipated and unanticipated costs and delays. Although Tweed  has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The factors identified above are not intended to represent a complete list of the factors that could affect Tweed or its subsidiaries. Additional factors are noted under the heading "Risk Factors" in the Company's Management's Discussion and Analysis of the Financial Condition and Results of Operations for the three and twelve months ended December 31, 2014 and the Company's short form prospectus dated March 10, 2015 , both of which are available at www.SEDAR.com. The forward-looking statements included in this news release are made as of the date of this news release and Tweed does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Tweed Marijuana Inc.

Read the rest of the article at finance.yahoo.com
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Trade Winds Ventures Inc

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Trade Winds is a gold and copper exploration company based in Canada.

Trade Winds holds various exploration projects in Canada and in China.

Its main exploration properties are DETOUR LAKE, BIRCH LAKE, GOWEST, TURNER LAKE PROPERTY, TREASURE MOUNTAIN, BLOCK A and DARDANELLES in Canada and SILU and TUOLE in China.

Trade Winds is listed in Canada and in United States of America. Its market capitalisation is CA$ 168.8 millions as of today (US$ 127.4 millions, € 113.7 millions).

Its stock quote reached its lowest recent point on October 24, 2008 at CA$ 0.01, and its highest recent level on April 04, 2014 at CA$ 4.75.

Trade Winds has 93 240 000 shares outstanding.

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Annual reports of Trade Winds Ventures Inc
2007 Annual Report
Project news of Trade Winds Ventures Inc
8/22/2011(Block A)Intersects 3.08 g/t gold over 20.8 metres on Block A
7/14/2011(Block A)Intersects 4.18 g/t gold over 18.4 metres on Block A
5/5/2011(Block A)Trade Winds Ventures Completes Preliminary Metallurgical St...
3/31/2011(Block A)Announces Initial Results of 2011 Drilling on Block A
2/16/2011(Block A)Files Updated NI 43-101 Technical Report for Block A on SED...
2/3/2011(Block A)Reports Assays from Previously Unsampled Core from its Drill...
7/7/2010(Block A)Announces Preliminary Metallurgical Study
1/19/2010(Block A)Begins 2010 Drill Program on Block ARecieved:
12/15/2009(Block A) Plans 2010 Drilling On Block A Recieved:
5/28/2009(Block A)Completes Updated Mineral Resource EstimateRecieved:
5/27/2009(Detour Lake)Executes Joint Venture With Detour GoldRecieved:
9/19/2008Files NI 43-101 Report for Silu Lead-Zinc Property in China
7/22/2008(Detour Lake)Proceeds with NI 43-101
10/2/2007Intersects High Grade Gold, 120.83 grams/tonne over 1.50 met...
Corporate news of Trade Winds Ventures Inc
9/22/2015BEDROCAN CANADA AND TWEED ANNOUNCE MULTI-CENTRE LONGITUDINAL...
9/17/2015Bedrocan Canada and Tweed announce multi-centre longitudinal...
9/15/2015Tweed Looks to Control Nearly Half of Canadian Cannabis Mark...
9/4/2015Tweed Launches Community Engagement Centres and Acquires Int...
8/31/2015Tweed Marijuana Inc. Completes Acquisition of bedrocan Canna...
8/28/2015Tweed Quarterly Conference Call Details
8/27/2015Bedrocan Receives Additional License Capacity from Health Ca...
8/24/2015Bedrocan Announces Shareholder Approval of Plan of Arrangeme...
8/24/2015Bedrocan Domestic Production Facility Is Fully-Licensed by H...
8/20/2015Tweed Commences Cannabis Extraction, Provides Corporate Upda...
7/28/2015Bedrocan Receives Health Canada Approval to Sell Domesticall...
7/8/2015Tweed Updates Oil Extraction Efforts and Latest Product Offe...
7/8/2015Abba Medix Builds a Diversified Business
4/8/2015Testing the Limits: DigiPath Labs Targets Booming Nevada MMJ...
4/2/2015Tweed Marijuana grants stock options
4/1/2015April 1 Alert: Tweed R&D Discovers Exciting Genetic Mutation
3/25/2015Tweed Marijuana Inc. Announces Partial Exercise of Over-Allo...
3/17/2015Tweed Marijuana Inc. Closes $20 Million Bought Deal Financin...
2/26/2015Tweed Marijuana Inc. Releases Full Q4 Financials and Provide...
2/23/2015Canadian regulators warn on medical marijuana disclosures
2/20/2015Tweed Installs Aeroponics Pilot Project with Indoor Harvest
2/18/2015Tweed Marijuana releases key fourth quarter summary and prov...
2/10/2015Tweed and Canabo Medical Corporation Launch Collaborative Re...
1/26/2015Cannabix Provides Alternative to Costly Drug Detection Tacti...
1/5/2015Tweed Marijuana Inc. announces second license renewal and ma...
12/12/2014Canadian medical marijuana company PharmaCan to go public ne...
12/11/2014Tweed Provides Support to The Canadian AIDS Society
11/26/2014Tweed Marijuana Inc. Q3 Results and Operational Highlights
11/20/2014Enertopia Provides Footage of Planned MMPR Facility
11/19/2014Tweed announces license renewal
8/16/2011(Block A)Begins 20,000 Metre Drill Program on Block A
7/29/2011Analysis on Trade Winds Ventures TWD: TSX.V - TWDIF: OTC fro...
5/2/2011(Block A)Completes Preliminary Metallurgical Study on Block A
2/21/2011(Block A)Named to 2011 TSX Venture Top 50 Companies - Ranked 9th in M...
11/21/2008' Thanks You for Attending Online Presentation
8/12/2008Company Update
7/16/2008To Begin Exploration on BC Projects
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