VANCOUVER, BC / ACCESSWIRE / November 20, 2020 / Grande West Transportation Group Inc. (TSXV:BUS)(OTCQX:GWTNF)(FRA:6LG) – November 20, 2020: (“Grande West” or the “Company”), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, is pleased to announce that, further to its news releases dated November 4, 2020 and November 18, 2020, it has closed the second and final tranche of its non-brokered private placement. The second tranche consisted of 843,000 Units raising gross proceeds of $843.000. In the aggregate, the Company raised in total $8,659,118.
Each Unit consists of one common share of the Company and one-half of one share purchase warrant. Each whole warrant (a “Warrant”) entitles the holder to acquire an additional common share of the Company at a price of $1.50 per share for a period of two years from the date of closing of the Placement.
In circumstances where,