Mettrum closes Bought deal for 8.7 million$HMM! What will they be doing with all that cash????
Mettrum Health Corp. Closes $8.625 Million Bought Deal Offering of Common Shares
TORONTO, ONTARIO--(Marketwired - May 10, 2016) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Mettrum Health Corp. ("Mettrum" or the "Company"), (TSX VENTURE:MT), a vertically integrated provider of cannabis products, is pleased to announce that it has completed its previously announced bought deal offering of 5,750,000 common shares of the Company (the "Shares"), inclusive of 750,000 Shares issued pursuant to the full exercise of the over-allotment option granted to the Underwriters (as defined below), at a price of $1.50 per Share for aggregate gross proceeds of approximately $8,625,000 (the "Offering").
The Offering was led by Cormark Securities Inc. and a syndicate of underwriters including Mackie Research Capital Corporation, Canaccord Genuity Corp. and GMP Securities L.P. (collectively, the "Underwriters").
This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.
About Mettrum Health Corp.