04:10:30 EDT Sat 04 Apr 2020
Enter Symbol
or Name

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MYM Nutraceuticals Inc
Symbol MYM
Shares Issued 151,641,062
Close 2020-02-04 C$ 0.105
Recent Sedar Documents

MYM Nutraceuticals closes fourth tranche of financing

2020-02-05 09:04 ET - News Release

Mr. Howard Steinberg reports


MYM Nutraceuticals Inc. has closed the fourth tranche of the non-brokered private placement previously announced on Jan. 14, 2020. The fourth tranche issued 3,115,795 units at a price of six cents per unit for gross proceeds of $186,947. There were no finders' fees payable on this tranche.

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 10 cents for a period of three years from the issue date. The warrants are subject to an acceleration provision that allows the company to give notice of an earlier expiry date if the company's weighted average share price on the Canadian Securities Exchange (or such other stock exchange the company may be trading on) is equal or greater than 20 cents for a period of 10 consecutive trading days.

The offering was priced in the context of the market based on a price reservation made by the company with the Canadian Securities Exchange. The private placement is subject to the approval of the CSE and the securities will be subject to a four-month hold period under securities laws. The company intends to use the net proceeds from the private placement for working capital purposes.

About MYM Nutraceuticals Inc.

MYM is a licensed cannabis producer in Canada.

We seek Safe Harbor.

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