12:31:38 EDT Tue 21 May 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Exmceuticals Inc
Symbol C : EXM
Shares Issued 36,552,434
Close 2019-03-14 C$ 1.39
Recent Sedar Documents

Exmceuticals arranges $4-million financing

2019-03-14 18:17 ET - News Release

Mr. Michel Passebon reports

EXMCEUTICALS INC. ANNOUNCES $4 MILLION PRIVATE PLACEMENT

Exmceuticals Inc. is offering, on a non-brokered private placement basis, up to 2,962,962 common shares at a price of $1.35 per share for gross proceeds of up to $4-million.

The company has received $1-million of subscriptions and will close on those subscriptions on March 15 as a first tranche closing. In connection with the first tranche, the company will pay finders' fees of $70,820 in cash and 52,460 warrants, with each warrant being exercisable at $1.35 for a period of 18 months.

Proceeds from the offering will be used for capital expenditures and general working capital. All securities issued in connection with the offering will be subject to a four-month hold period.

© 2019 Canjex Publishing Ltd. All rights reserved.