Vancouver, BC - TheNewswire - January 27, 2023 -BYND Cannasoft Enterprises Inc.(Nasdaq:BCAN) (CSE:BYND)("BYND Cannasoft" or the "Company") is pleased to announce today that it has filed a preliminary short form base shelf prospectus (the “Prospectus“).
The Prospectus was filed with the securities regulatory authorities in each of the Provinces and Territories of Canada. The Prospectus was filed to provide the Company with financial flexibility and efficient access to Canadian capital markets to pursue its growth initiatives. A copy of the Prospectus is available under the Company’s profile on SEDAR at www.sedar.com.
Once a receipt for the final Prospectus is received from the applicable securities regulators, the final Prospectus will be valid for a 25-month period during which time the Company will be permitted to offer up to $30 million of common shares, preferred shares, warrants, subscription receipts, debt securities, or any combination thereof, including in the form of units (collectively, the “Securities“).
If any Securities are offered under the Prospectus, the terms of any such Securities and the intended use of the net proceeds resulting from such offering would be established at the time of any offering and would be described in a prospectus supplement filed with the applicable Canadian securities regulatory authorities at the time of such offering and would be made available by the Company.
This press release does not constitute an offer to sell...