Mr. Glen Rehman reports
NEUTRISCI CLOSES PRIVATE PLACEMENT
NeutriSci International Inc. has completed a non-brokered private placement, in which it raised gross proceeds of $250,000.
In connection with the offering, NeutriSci issued 1,666,667 units at a price of 15 cents per unit, with each unit consisting of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of 25 cents per share for a period of five years from the date of closing.
All securities issued in connection with the private placement are subject to a hold period until Jan. 31, 2017.
The company intends to use the proceeds of the financing for marketing of neuenergy and for general working capital purposes.
NeutriSci's president Glen Rehman stated, "We are pleased with the level of in-store demand for neuenergy that we are experiencing within our distribution channel, and look forward to further increases as we ramp up our marketing programs."
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.