Mr. Glen Rehman reports
NEUTRISCI ARRANGES $1,500,000 PRIVATE PLACEMENT
NeutriSci International Inc. has arranged a non-brokered private placement of units at a price of 10 cents per unit for gross proceeds of up to $1.5-million. Each unit consists of one common share of the company and one common share purchase warrant entitling the holder to acquire an additional common share of the company at a price of 18 cents for a period of 18 months from the date of issuance.
The company intends to use the net proceeds of the offering to build inventory and for marketing and advertising programs related to Neuenergy, and for general corporate purposes.
Glen Rehman, president of NeutriSci, stated, "This financing will enable us to execute on the marketing programs we have in place to expand the branding and marketing initiatives of Neuenergy, as well as to support the continued increase in sales of Neuenergy in our growing retail network."
The company may pay a finder's fee to one or more arm's-length parties who introduce the company to subscribers, in accordance with the policies of the TSX Venture Exchange. The common shares, warrants and shares underlying the warrants will be subject to a four-month-and-one-day statutory hold period from the date of issuance. Closing of the private placement remains subject to the receipt of all regulatory approvals, including the approval of the TSX-V.
Neuenergy is a revolutionary energy tab designed to deliver enhanced focus and mental clarity with no sugar, no calories and no crash associated with typical energy products.
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