09:44:57 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Empower Clinics Inc (2)
Symbol EPW
Shares Issued 88,465,505
Close 2023-06-23 C$ 0.03
Market Cap C$ 2,653,965
Recent Sedar Documents

Empower Clinics arranges $300,000 private placement

2023-06-23 07:07 ET - News Release

Mr. Steven McAuley reports

EMPOWER CLINICS ANNOUNCES PROPOSED PRIVATE PLACEMENT

Empower Clinics Inc. intends to complete a non-brokered private placement offering of up to 7.5 million units at a price of four cents per unit for gross proceeds of up to $300,000. Each unit comprises one common share and one warrant that will be exercisable into one common share of the company. Each warrant will have a term of two years and will entitle the holder to purchase one warrant share at a price of five cents per share following the closing date.

The common shares and warrants comprising the units will be subject to a four-month-and-one-day hold period in accordance with the policies of the Canadian Securities Exchange and applicable securities legislation.

The company intends to use net proceeds of the private placement for working capital requirements and development of its research and clinical trials initiatives.

The company will pay finders' fees to qualified finders who assist in selling the units, in cash or securities or a combination of both, as permitted by CSE policy and applicable securities laws.

The private placement is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including approval from the CSE.

About Empower Clinics Inc.

Empower is an integrated health care company with multidisciplinary clinics, a Canadian medical device company and has launched its first clinical research site becoming a site management organization (SMO). Empower is a leader in integrated health care and research solutions and is reshaping the model for patient-first wellness.

We seek Safe Harbor.

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