Ceres Global Ag Corp. Announces Proposed Private Placement
Minneapolis, MN (September 20, 2019) – Ceres Global Ag Corp. (“Ceres” or the “Company”) announced today that it intends to sell, on a non-brokered private placement basis, 2,793,499 common shares of the Company (the “Shares”) at a price of $4.53 per Share for gross proceeds of $12,654,550.47 (the “Private Placement”).
The Company expects that insiders of the Company will subscribe for the full amount of Shares offered in the Private Placement, including VN Capital Fund C, L.P. (“VN Capital”) which has agreed to subscribe for 2,757,487 Shares. The Company may, at its discretion, make additional shares available for subscription by non-insider accredited investors.