GREY:ICOTF - Post by User
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ForexWhaleon Jan 31, 2019 9:11pm
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New is out. PP announced
New is out. PP announced
iCo Therapeutics arranges $750,000 private placement 2019-01-31 20:13 ET - News Release
Shares issued 84,457,713 ICO Close 2019-01-31 C$ 0.055
Mr. Andrew Rae reports ICO THERAPEUTICS INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT TO RAISE C$750,000 iCo Therapeutics Inc. has issued a total of three million units pursuant to the first tranche of a non-brokered private placement. The company plans to issue up to 15 million units at a price of five cents per unit for total gross proceeds of $750,000, pursuant to the private placement. Each unit will consist of one common share in the capital of the company and one common share purchase warrant, exercisable at 7.5 cents for 36 months from the date of the closing of the private placement. The warrants are subject to an acceleration clause that allows the company to accelerate the expiry date of the warrants. In the event that, at any time after four months from the closing date, the volume weighted average trading price of the common shares on the TSX Venture Exchange equals or exceeds 14 cents for 10 consecutive trading days, the warrants will expire on the date that is at least 30 days following the issuance of a press release announcing such acceleration from the company.