Cannasouth Announces Opening of Rights Issue Offer

Cannasouth Limited (NZX:CBD) announced its intention to launch a 1 for 10 pro-rata renounceable rights issue to raise up to circa $4.1 million ("Rights Offer”) on Friday 12th August 2022.

The Rights Offer opens today.

The Rights to acquire new shares in CBD are now quoted on the NZX Main Board under ticker code “CBDRA”.

From today, Eligible Shareholders will be sent a copy of the Rights Issue Offer Document, together with their personalised Letter of Entitlement and Acceptance Form, which Form delineates each respective shareholders entitlement to participate in the Rights Offer.

In addition, CBD will send out a letter to those shareholders who are not entitled to participate in the Rights Offer (“Ineligible Shareholders”).

The following documents accompany this announcement:

1. Rights Issue Offer Document
2. Pro forma Letter of Entitlement and Acceptance Form
3. Cleansing Statement dated 23 August 2022
4. Letter to be sent to Ineligible Shareholders

-ENDS-

For further information visit www.cannasouth.co.nz or contact:

Mark Lucas
CEO / Executive Director
Email: [email protected]
Mobile: 021 484 649

Colin Foster
CFO / Company Secretary
Email: [email protected]
Mobile: 027 577 1498

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Announcement PDF