VICINITY MOTOR CORP. ("VMC")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: June 8, 2023
TSX Venture Tier 2 Company
The Company's Short Form Base Shelf Prospectus dated April 19, 2021, was filed with and accepted by TSX Venture Exchange (the "Exchange"), and filed with and receipted by British Columbia and the Ontario Securities Commissions. Under Multilateral Instrument 11-102 - Passport System the Prospectus is deemed to have been filed with and receipted by the securities regulators for each of the Alberta and Manitoba Securities Commissions, on April 20, 2021. A receipt for the Prospectus is deemed to be issued by the regulators in each of those jurisdictions if the conditions of the Instrument have been satisfied.
Further to an at-the-market offering of shares ("ATM Distribution") made pursuant to a Prospectus Supplement dated August 27, 2022, to the Company's Short Form Base Shelf Prospectus dated April 19, 2021, the Exchange has accepted for filing documentation with respect to the sales set out below under the ATM Distribution. The Company raised aggregate gross proceeds of $866,903.56 USD pursuant to the ATM Distribution from January 1, 2023, to March 31, 2023, as set out below.
The Exchange has been advised by the Company that sales under the ATM Distribution during the quarter ended March 31, 2023, occurred for gross proceeds of $866,906.56 USD.
Agents: B. Riley Securities Inc., as representatives for Spartan Capital Securities LLC.
Offering: 925,667 common shares ("Shares") in aggregate during the quarter ended March 31, 2023.
Share Price: Varying prices during the quarter ended March 31, 2023, with an average sale price of $0.9374 USD per Share.
Over-allotment Option: None.
Agents' Commission: 3.5% of the gross proceeds of the Offering, being $30,361.58 in cash in aggregate for the quarter ended March 31, 2023.
For further information, please refer to the Company's Short Form Base Shelf Prospectus dated April 19, 2021, the Prospectus Supplement dated August 27, 2022, and the news release dated May 17, 2023, which are available under the Company's SEDAR profile.
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