November 29, 2021
Stryker Ventures Corp. (the “Company”) is pleased to announce, as a follow-up to its news release dated November 9, 2021, that it has closed an additional tranche of its non-brokered private placement to raise $5,820,000 through the issuance of 11,640,000 subscription receipts (the “Receipts”) at a price of $0.50 per Receipt. Each Receipt entitles the holder to receive, for no additional consideration, one unit of the Company (a “Unit”) upon completion of the Company’s previously announced 20:1 share consolidation (the “Consolidation”), each unit consisting of one post-consolidated common share (a “Share”) and one- half of a Share purchase warrant (a “Warrant”), each whole Warrant exercisable at $1.00 for a period of 24 months.
In connection with this tranche of the private placement, the Company paid cash commissions of $6,300 and issued 30,000 finder’s subscription receipts (the “Finder’s Receipts”) to Haywood Securities Inc. for introducing subscribers to the Company. Each Finder’s Receipt entitles the holder to receive on completion of the Consolidation one Share and one-half of a non-transferrable Share purchase warrant (a “Finder’s Warrant”), each whole Finder’s Warrant exercisable at a price of $1.00 for a period of 24 months following the date of issuance of the Finder’s Receipts.
To date, the Company has raised $21,082,000 through the issuance of an aggregate of 42,164,000 Receipts. The proceeds of the private placement will be used to finance the Company’s entry into the carbon credits and carbon offsets industry.
In addition, the Company announces that it will be completing its name change to “Global Carbon Credit Corp.” and Consolidation, effective Tuesday, November 30, 2021.
Letters of transmittal describing the process by which shareholders may obtain new certificates representing their post-consolidated common shares will be mailed shortly to registered shareholders. Shareholders holding their shares through a broker or other intermediary and consequently not having Shares registered in their name will not be required to complete a letter of transmittal.
No fractional Shares will be issued under the Consolidation. Instead, all fractional Shares resulting from the Consolidation will be rounded to the nearest whole number. Following the Consolidation and subject to rounding, the Company will have 22,086,266 issued and outstanding Shares.
ON BEHALF OF THE BOARD,