Village Farms International, Inc 8-K, filed May 1, 2020
Village Farms International, Inc. (VFF)
About this 8-K
Village Farms International, Inc filed this 8-K on May 1, 2020, reporting on events of April 30, 2020.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENTREPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 30, 2020
VILLAGE FARMS INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
| Canada | 001-38783 | 98-1007671 |
|---|---|---|
| (State or Other Jurisdiction<br><br><br>of Incorporation) | (Commission File No.) | (IRS Employee<br><br><br>Identification No.) |
4700-80th Street
Delta, British Columbia Canada
V4K 3N3
(Address ofPrincipal Executive Offices)
(604) 940-6012
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17<br>CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
|---|---|---|
| Common Shares, without par value | VFF | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events. |
|---|
On April 30, 2020, Village Farms International, Inc. (the “Company”) filed a (final) short form base shelf prospectus with the Canadian securities regulators in each province and territory of Canada, which included the following disclosure:
On April 3, 2020, the Company announced that its joint venture, Pure Sunfarms Corp. (the “Joint Venture”), had satisfied all pre-conditions and completed its previously announced expansion of its credit facility with its existing lender to Cdn$59 million, including accordion provisions of Cdn$22.5 million. As a pre-condition to completion of the debt facility, the Company made an additional capital contribution of Cdn$8 million (US$6.1 million) in the Joint Venture and, as a result, further increased its majority ownership of the Joint Venture to 58.7% (from 57.4%).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 1, 2020
| VILLAGE FARMS INTERNATIONAL, INC. | |
|---|---|
| By: | /s/ Stephen C. Ruffini |
| Name: | Stephen C. Ruffini |
| Title: | Chief Financial Officer |