RE:2021 THC will dissolve operationsTurdfinder5 wrote: They obviously can't make payroll.
I guess I'm a bit behind the news. If I'd checked the CSE website and read this, I wouldn't have needed to ask the question about why the big dump yesterday. Same old, same old, eh? Walter, that was a good question you asked JM about Alumina, and of course you didnt get an answer. Anyone left on this board who doesn't know what we're talking about with the financing that JM kept pulling off with Alumina? You should educate yourselves - a classic example of being able to short a stock because you already know you're going to be able to cover the contract because you're going to get shares 15% below market...
THC BioMed Intl Ltd.(CSE: THC), ("THCBioMed" or the "Company") announces that it intends to conduct a private placement of approximately $1,500,000. Is has completed the first tranche of the private placement in which the Company issued 1,363,637units (“Units”) at a price of $0.11per Unit, for total proceeds of $150,000.07. Each Unit consists of one common share and one common share purchase warrant. Each Unit warrant entitles the holder to purchase one common share of the Company for a period of 24 months from closing at a price of $0.15per share. Commission of 7% cash and 7% broker warrants. The broker warrants have the same terms as the Unit warrants. The Company intends to close additional tranches in the near-term. The proceeds raised through the private placementswill be used for general working capital.