/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH
U.S. NEWSWIRES/
CALGARY,
AB, Dec. 21, 2022 /CNW/ - Highwood Asset
Management Ltd., ("Highwood" or the "Company") (TSXV:
HAM) is pleased to announce the filing of a Short Form Base Shelf
Prospectus (the "Prospectus") and extension to the Company's
existing credit facility. The Base Shelf Prospectus can be found at
www.sedar.com.
Base Shelf Prospectus
The Company has filed the Prospectus with an aggregate offering
amount up to $70,000,000. The
Prospectus will remain valid for a 25-month period to offer and
sell or otherwise distribute Common Shares, Preferred Shares, Debt
Securities, Subscription Receipts, Warrants, Share Purchase
Contracts and Units.
The Prospectus will allow the Company to more easily execute its
plan for future acquisitions and growth in a timelier manner.
Securities may be distributed in one or more transactions,
separately or together, in amounts, at a fixed price or prices or
at non-fixed prices and on such terms and conditions as may be
determined from time to time depending on, among other things,
the Corporation's financing requirements, market conditions at the
time of sale and other factors. If offered on a non-fixed price
basis, Securities may be offered at market prices prevailing at
the time of sale, at prices determined by reference to the
prevailing price of a specified security in a specified market or
at prices to be negotiated with purchasers, which prices may vary
as between purchasers and during the period of distribution. If
Securities are offered on a non-fixed price basis, the
underwriters', dealers' or agents', as applicable, compensation
will be increased or decreased by the amount by which the
aggregate price paid for Securities by the purchasers exceeds or
is less than the gross proceeds paid by the underwriters, dealers
or agents to us.
Credit Facility Renewal
The Company, together with its sole lender, has extended the
maturity date of the Company's Credit Facility until January 31, 2023. The Company will provide an
update when formally renewing the facility which it anticipates
occurring in January 2023.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Highwood Oil Company Ltd.