Impressed Wow, they got a lot of cash at a good share price. Excellent placement.
The Company issued a total of 6,700,934 units at $1.50 per unit, for total gross proceeds of $10,051,401. Each Unit of the Company consists of one common share and one half common share purchase warrant, each whole Warrant exercisable to acquire one additional common share at a price of $2.00 per common share, for a period of 18 months after the closing date of the Private Placement.