Our Home & Miniature Land Inc. (“Little Canada”) has completed a $14 million preferred share financing, issuing 5,600,000 preferred shares in the capital of Little Canada at price of $2.50 per share.
The financing closed in tranches with an initial trance that closed in January 2020.
WeirFoulds LLP was pleased to represent Little Canada for the financing with a team that included, amongst others, David Brown and Rochelle Perera.
Tangerine Tango Advisory Services Inc. on behalf of Climate Change Infrastructure Management Inc. and Silver Maple Ventures Inc. provided certain advisory services to Little Canada in relation to the financing.
Little Canada is an awe-inspiring new attraction that takes visitors on an immersive journey through Canada in miniature. It is set to open in summer 2020 in the heart of downtown Toronto at 10 Dundas East, Yonge-Dundas Square.
Little Canada intends to use the proceeds of the financing for attraction and facility fit-out and construction, attraction destinations build-out and installation, attraction operations and marketing and working capital to expand the organisation and market the attraction for opening.
The firm congratulates Little Canada on achieving this milestone and wishes Little Canada, its directors, officers, shareholders and employees the best of luck in finalizing and launching the miniature experience.
