Share Offer

Offer Closed Oversubscribed. See Press Release here for further details.

Download Product Disclosure Statement

Key terms of the offer

Description of the equity securities Ordinary fully paid Shares
Price NZ 50 cents per Share
Intended date Offer opens 27 May 2019
Intended date Priority Offer closes 7 June 2019
Intended date General Offer closes 14 June 2019
Number or amount of the
equity securities being offered
A minimum of 10,000,000 new Shares are being offered, representing 10.86% of the total number of ordinary Shares on issue immediately after the issue (assuming only 10,000,000 new Shares are issued).

A maximum of 20,000,000 new Shares are being offered, representing 19.6% of the total number of ordinary Shares on issue immediately after the issue (assuming all 20,000,000 new Shares are issued).
Structure of the Offer The Offer consists of:
  • The Priority Offer of up to $5 million, which is only open to those investors who have been invited by Cannasouth to participate in the Priority Offer;
  • The General Offer of up to $5 million, which is open to all investors resident in New Zealand.
Liabilities, fees and charges If any amount of the Priority Offer is not taken up by the relevant Closing Date, Cannasouth may reallocate up to a corresponding amount to the General Offer at its absolute discretion.

A subscriber for new Shares, with the exception of the payment of the price for the new Shares, has no liability to make further payments or to pay fees or charges relating to the new Shares.