PK Beans's Profile

PK Beans
Symbol
BEAN
Exchange
CSE
Shares
36,643,227 as of 03/31/2021
Industry
Bricks & Mortar
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PK Beans's Bulletin

TRADING ALERT!!! Last: $0.07 Change: 17% Volume: 339K Shares Hub On AGORACOM
AGORACOM-KE 2021-09-09
Peekaboo Beans Inc (C:BEAN)Shares Issued 46,575,982Last Close 9/3/2021 $0.05Friday September 3 2021 - News ReleaseMs. Traci Costa reportsPEEKABOO BEANS AMENDS TERMS OF EQUITY PRIVATE PLACEMENTFurther to the news release dated July 29, 2021, Peekaboo Beans Inc. is amending the terms of its non-brokered private placement of units for aggregate gross proceeds of up to $1.5-million. The terms of the convertible debenture offering will remain the same.Pursuant to the Amendment, the private placement of units will now be offered at a subscription price of $0.05 per unit. The warrants will now entitle the holder to purchase one additional common share at a price of $0.10 for a period of three years. The Company has also decided to close the private placement in tranches and anticipates closing of the first tranche of the private placement in the coming days.The first tranche will include the distribution of 2,000,000 units at a price of $0.05 (the "Units") comprised of one common share (a "Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.10 for a period of three years following the issuance of the Warrants. Such amount included in the first Tranche is anticipated to be fulfilled by Traci Costa, a director and the CEO of the Company (the "Insider"), and in connection with the Offering, the Insider has sold an aggregate of 2,000,000 common shares of the Company on September 03, 2021 from their personal holdings in an arranged sale through the facilities of the Canadian Securities Exchange (the "Sale"). All shares transferred pursuant to the Sale are not subject to any hold period or resale restriction. The Insider will use all of the net proceeds from the sale of the shares to subscribe for the Units.All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.The Issuance of the shares to the Insider pursuant to the Offering is considered to be a "related party transaction" subject to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves interested parties, exceeded 25% of the Company's market capitalization.About Peekaboo Beans Inc.PK Beans is an integrated and innovative children's wellness brand. From sustainable clothing options that kids love to wear, to healthy foods that fuel children's play, our mission is to provide the ingredients for a playful life. Together with our monthly adventure subscription box, consisting of interactive and engaging activities that educate and entertain, developed by an Emmy award-winning child psychologist and devoted kid-experts, our goal is to enrich, empower and nourish children through quality nutrition, clothing and play - every day. The company maximizes revenue by reaching sellers and online retailers through an omnichannel approach.We seek Safe Harbor.© 2021 Canjex Publishing Ltd.This email was sent to you at nicoler@agoracom.com by Stockwatch (www.stockwatch.com) as part of your package of Stockwatch services, and in accordance with your email preferences on file. You may unsubscribe at any time, or change your email preferences within Your Account settings at the Stockwatch website. THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY. You may contact Stockwatch by email at webmaster@stockwatch.com, by phone at 1-800-268-6397 (1-604-687-1500), or by mail to Stockwatch, PO Box 10371, 700 West Georgia Street, Vancouver, BC, V7Y 1J6, Canada. "Stockwatch" is a registered trademark of Canjex Publishing Ltd. Copyright © 2021, Canjex Publishing Ltd. All rights reserved.
AGORACOM-NR 2021-09-03
PEEKABOO BEANS LAUNCHES FINANCINGS AND CLOSES FIRST TRANCHE OF A PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURE UNITS Peekaboo Beans Inc. is conducting two financings: a non-brokered private placement of convertible debenture units for aggregate gross proceeds of up to $1.5-million and a non-brokered private placement of units consisting of one common share and one common share purchase warrant for aggregate gross proceeds of up to $1.5-million, inclusive of the debt settlements, as herein defined. The net proceeds of the Offerings will be used for inventory and general working capital purposes. Debenture Offering Each CD Unit will be offered at a price of $1,000 and will be comprised of one unsecured convertible debenture with a principal amount of $1,000 (each, a "Debenture" and collectively, the "Debentures") and 5,000 common share purchase warrants of the Company (each, a "Warrant" and collectively, the "Warrants"). Each Warrant will entitle the holder thereof to acquire one common share in the capital of the Company (each a "Common Share") at a price of $0.15 per share for a period of four years from the closing date of the respective tranche of the Debenture Offering (the "Closing Date"). The Debentures will mature and be repayable on the date that is four years from the Closing Date (the "Maturity Date") and bear interest at a rate of 12% per annum until maturity, which will be calculated and payable semi-annually on the last day of June and December in each year. The principal amount of the Debentures and any accrued and unpaid interest will be convertible into Common Shares at a conversion price of $0.10 (the "Conversion Price"). The terms of the Debentures further provide that the Company may from time to time, at the Company's option, prepay all or part of the principal amount plus accrued and unpaid interest without penalty or bonus. The Company further announces a first tranche closing of the Debenture Offering described above for gross proceeds of $125,000 through the issuance of 125 CD Units at a price of $1,000 per CD Unit. Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.15 per share until July 28, 2025. The Debenture will mature and be repayable on July 28, 2025. In connection with the closing of the first tranche, the Company has issued 83,333 finder's warrants, exercisable at $0.12 into Common Shares for a period of 2 years from closing, and paid $10,000 in cash commission. Equity Offering Each Unit will be offered at a price of $0.10 per Unit, and will be comprised of one Common Share and one Common Share purchase warrant, entitling the holder thereof to acquire one additional Common Share at an exercise price of $0.15 for a period of three years from the closing date of the Equity Offering. A portion of the Equity Offering may be conducted as a settlement of outstanding debt (the "Debt Settlements"), and the Company is currently negotiating with existing creditors to settle existing debt with securities of the Company on the same terms as contained in the Equity Offering All securities issued in connection with the Offerings will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. All securities issued in connection with the first tranche closing of the Debenture Offering are subject to a statutory hold period expiring on November 29, 2021. The Company may issue finder's fees to eligible finders for each of the Offerings. About Peekaboo Beans Inc. PK Beans is an integrated and innovative children's wellness brand. From sustainable clothing options that kids love to wear, to healthy foods that fuel children's play, our mission is to provide the ingredients for a playful life. Together with our monthly adventure subscription box, consisting of interactive and engaging activities that educate and entertain, developed by an Emmy award-winning child psychologist and devoted kid-experts, our goal is to enrich, empower and nourish children through quality nutrition, clothing and play - every day. The company maximizes revenue by reaching sellers and online retailers through an omnichannel approach.
AGORACOM-NR 2021-07-29