07:15:24 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Chinook Tyee Industry Ltd
Symbol XCX
Shares Issued 10,217,796
Close 2019-05-03 C$ 0.11
Market Cap C$ 1,123,958
Recent Sedar Documents

Chinook Tyee arranges $1.5-million placement

2019-05-06 06:51 ET - News Release

An anonymous director reports

CHINOOK ANNOUNCES PRIVATE PLACEMENT FINANCING

Chinook Tyee Industry Ltd. has arranged a non-brokered placement of up to 10 million common shares at a price of 15 cents per share for gross proceeds of up to $1.5-million for working capital purposes. All securities issued pursuant to the offering will be subject to a statutory hold period of four months plus a day from issuance in accordance with applicable securities laws. Chinook expects to complete the offering on or before June, 2019.

About Chinook Tyee Industry Ltd.

Chinook is a Berlin-based investment company with two European subsidiaries, AMP Alternative Medical Products GmbH (AMP) and Mercury Partners & Company PLC. AMP plans to import pharmaceutical-grade cannabis produced by Canadian-licensed producers into Germany. AMP in co-operation with its business partners will provide European Union good manufacturing practice audit, logistical, transportation, importation and other related services for the importation of medical cannabis into Germany.

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