Mr. Mike Withrow reports
AREV NANOTEC BRANDS PRIVATE PLACEMENT
Arev Nanotec Brands Inc. has arranged a private placement of up to 7.5 million units at a price of six cents per unit for gross proceeds of up to $450,000. Each unit comprises one common share of the company and one common share purchase warrant, with each warrant being exercisable at eight cents per warrant share. Subject to adjustment in certain events, each whole warrant entitles the holder thereof to purchase one additional common share of the company at any time on or before 5 p.m. Vancouver time on the date that is 24 months from the date of issuance of the warrants.
The funds will be used to secure key pieces of equipment,
general working capital, product development and distribution.
Finders' fees shall be paid in cash, shares or warrants, or a combination of the forgoing, subject to the board approval and in accordance with the policies of the Canadian Securities Exchange.
About Arev Nanotec Inc.
Arev produces and sells functional ingredients produced via its proprietary extraction systems. These premium ingredients and products are targeted for the natural health, medical, functional food, nutraceutical and sport nutrition markets.
We seek Safe Harbor.
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