EX-FILING FEES 5 d351272dexfilingfees.htm EX-FILING FEES EX-FILING FEES

Exhibit 107

EX-FILING FEES

Calculation of Filing Fee Tables

Form S-3

(Form Type)

Village Farms International Inc.

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered Securities

 

                         
      Security
Type		    Security
Class
Title		    Fee
Calculation
or Carry
Forward
Rule		    Amount
Registered		    Proposed
Maximum
Offering
Price Per
Unit		    Maximum
Aggregate
Offering
Price		    Fee
Rate		    Amount of
Registration
Fee		    Carry
Forward
Form
Type		    Carry
Forward
File
Number		    Carry
Forward
Initial
effective
date		    Filing
Fee
Previously
Paid In
Connection
with
Unsold
Securities
to be
Carried
Forward
   
Newly Registered Securities     
                         
Fees to Be Paid    Equity    Common Shares (Primary Offerings)                                                  
                         
Fees to Be Paid    Equity    Preferred Shares                                                  
                         
Fees to Be Paid    Other    Warrants                                                  
                         
Fees to Be Paid    Other    Subscription Receipts                                                  
                         
Fees to Be Paid    Other    Debt Securities                                                  
                         
Fees to Be Paid    Other    Units                                                  
                         
Fees to Be paid    Unallocated (Universal) Shelf    Unallocated (Universal) Shelf    457(o)    (1)    (1)    $200,000,000    0.0000927    $18,540.00                    
                         
Fees to Be Paid    Equity    Common Shares (Secondary Offerings)    457(c)    3,802,055    $3.01 (2)    $11,444,185.55    0.0000927    $1,060.88(2)                    
                         
Fees Previously Paid    Equity   

Common Shares

(Secondary Offerings)

    457(b)    2,411,280    $4.35    $10,489,068         $972.34(3)                    
                         
Fees Previously Paid    Equity   

Common Shares

(Secondary Offerings)

    457(b)    1,390,775    $9.21    $12,809,037.75         $1,397.47(4)                    
                   
     Total Offering Amounts          $211,444,185.55         $19,600.88                    
                   
     Total Fees Previously Paid                    $2,369.81                    
                   
     Total Fee Offsets                    $1,972.96                    
                   
     Net Fee Due                    $15,258.11                    

 

(1)

There are being registered hereunder such indeterminate number of the securities of each identified class being registered as may be sold by the registrant in primary offerings from time to time at indeterminate prices, with the maximum aggregate public offering price not to exceed US$200,000,000. Any securities registered hereunder may be sold separately or in combination with the other securities registered hereunder. Any securities registered hereunder may be sold separately or as units with any other securities registered for primary offerings hereunder. The securities registered hereunder also include such indeterminate number of common shares, preferred shares, and warrants as may be issued upon the conversion of or exchange for preferred shares, subscription receipts or debt securities that provide for conversion or exchange; upon the exercise of warrants; or pursuant to the anti-dilution provisions of any such securities. Separate consideration may or may not be received for securities that are issuable upon exercise, conversion or exchange of other securities. In addition, pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), the common shares being registered hereunder include such indeterminate number of common shares as may be issuable with respect to the common shares being registered hereunder as a result of stock splits, stock dividends, or similar transactions.

(2)

Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(c) under the Securities Act, based upon the average bid and ask prices of the registrant’s common shares on The Nasdaq Stock Market LLC on June 3, 2022, of $3.00 and $3.01.

(3)

Represents common shares included in the registrant’s prospectus supplement filed on March 15, 2022 pursuant to Rule 424(b)(7) under the Securities Act (the “March 2022 Prospectus Supplement”) to the registrant’s automatic shelf registration statement on Form S-3ASR filed on July 12, 2021 (the “July 2021 Registration Statement”), which had registered an indeterminate number of common shares, preferred shares, warrants, subscription receipts, debt securities and units to be sold by the registrant and common shares to be sold by selling shareholders using a “pay-as-you-go registration fee” under Rule 457(r). None of the common shares included in the March 2022 Prospectus Supplement have been sold and accordingly, all of the registration fees previously paid in connection therewith are being applied against the filing fees payable hereunder pursuant to Rule 457(b) under the Securities Act.

(4)

Represents common shares included in the registrant’s prospectus supplement filed on August 17, 2021 pursuant to Rule 424(b)(7) under the Securities Act (the “August 2021 Prospectus Supplement”) to the July 2021 Registration Statement. A total of 1,390,775 common shares under the August 2021 Prospectus Supplement remain unsold and accordingly, $1,397.47 of the registration fees previously paid in connection with such unsold shares is being applied against the filing fees payable hereunder pursuant to Rule 457(b) under the Securities Act.

Table 2: Fee Offset Claims and Sources

 

                       
    

Registrant

or Filer

Name

    Form
or
Filing
Type		   File
Number		    Initial
Filing
Date		    Filing
Date		    Fee Offset
Claimed		    Security Type
Associated
with
Fee Offset
Claimed		    Security
Title
Associated
with
Fee Offset
Claimed		    Unsold
Securities
Associated
with
Fee Offset
Claimed		    Unsold
Aggregate
Offering
Amount
Associated with
Fee Offset
Claimed		    Fee
Paid
with
Fee
Offset
Source
 
Rule 457(p)
                       
Fee Offset Claims   Village Farms International, Inc.    S-3   333-237792    April 22, 2020          $1,972.96   

Unallocated (Universal) Shelf

    (1)    (1)    $15,199,999     

 

(1)

The registrant previously filed a registration statement on Form S-3 (File No. 333-237792), initially filed on April 22, 2020 and declared effective on May 6, 2020 (the “April 2020 Registration Statement”), which registered an indeterminate number of common shares, preferred shares, warrants, subscription receipts, debt securities and units to be sold by the registrant and common shares to be sold by selling shareholders and had an aggregate initial offering price not to exceed US$200,000,000. The April 2020 Registration Statement was not fully used, resulting in $15,199,999 as the unsold aggregate offering amount. This unused amount represents 7.6% of the $25,960.00 paid on the April 2020 Registration Statement and results in a fee offset of $1,972.96. As of July 12, 2021 (the date on which the registrant filed the July 2021 Registration Statement), the registrant has terminated all offerings under the April 2020 Registration Statement. Pursuant to Rule 457(p) under the Securities Act of 1933, the registrant hereby applies $1,972.96 of those unused registration fees to offset against the amounts due herewith.