05:02:21 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



ChroMedX Corp
Symbol CHX
Shares Issued 37,175,192
Close 2015-10-09 C$ 0.20
Market Cap C$ 7,435,038
Recent Sedar Documents

ChroMedX arranges $800,000 private placement

2015-10-09 20:21 ET - News Release

Mr. Shawn Overton reports

CHROMEDX CORP. ANNOUNCES PRIVATE PLACEMENT OF UNITS

ChroMedX Corp. intends to complete a non-brokered private placement for gross proceeds of up to $800,000 through the issuance of up to four million units at a price of 20 cents per unit. Each unit will be composed of one common share of the company and one common share purchase warrant, each warrant entitling the holder thereof to acquire one common share at a price of 30 cents for a period of 24 months from the closing date.

In connection with the offering, the company will also pay a cash commission equal to 8 per cent of the gross proceeds and issue broker warrants equal to 8 per cent of the units sold to certain parties for introducing purchasers to the company. Each broker warrant will entitle the holder thereof to purchase one common share at a price of 30 cents for a period of 24 months from the closing date.

The company will use the net proceeds from the sale of the units for developing prototypes, marketing and general working capital purposes.

The common shares, warrants and broker warrants will be subject to a four-month hold period commencing from the date of issuance.

We seek Safe Harbor.

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