09:25:57 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Miraculins Inc (2)
Symbol MOM
Shares Issued 20,227,732
Close 2014-11-27 C$ 0.145
Market Cap C$ 2,933,021
Recent Sedar Documents

Miraculins closes private placement for $1.32-million

2014-11-28 00:30 ET - News Release

Mr. Christopher Moreau reports

MIRACULINS ANNOUNCES CLOSING OF PRIVATE PLACEMENT OFFERING

Miraculins Inc. has closed a private placement offering with aggregate gross proceeds to the company of $1.32-million from the sale of 16.5 million units at a price of eight cents per unit. Each unit is composed of one common share of the company and one share purchase warrant.

Each whole warrant entitles the holder to purchase one share at a price of 10.5 cents per share for a period of two years from the date the warrant is issued. The shares and warrants will be restricted from transfer for a period of four months and a day from the date hereof in accordance with applicable securities laws. The net proceeds of the offering shall be used for general corporate purposes.

A certain person assisted the company by introducing potential subscribers for the offering and was paid a finder's fee of 10 per cent of the total subscription proceeds received from subscribers introduced to the company by the person. Additionally, the person was issued compensation warrants equal to 10 per cent of the total number of units subscribed for by subscribers introduced to the company by the person. Each compensation warrant entitles the holder thereof to purchase one share at a price of 10.5 cents per share for a period of two years from the date of issue. The compensation warrants will be restricted from transfer for a period of four months and a day from the date hereof in accordance with applicable securities laws.

The closing of the offering is subject to the final approval of the TSX Venture Exchange.

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