GREY:BPCOD - Post by User
Post by
Heinz1944on May 24, 2017 6:02pm
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Post# 26279886
does this mean after years we get some action
does this mean after years we get some action
Canadian Int'l Pharma arranges $500,000 financing 2017-05-24 13:30 ET - News Release Mr. Douglas Mason reports CANADIAN INTERNATIONAL PHARMA CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT Canadian International Pharma Corp., subject to regulatory approval, intends to proceed with a non-brokered private placement to raise up to $500,000 by the issuance of 10 million units at five cents per unit. Each unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share for a period of one year at an exercise price of 10 cents. With respect to this private placement, the company may pay finders' fees in the amount of 10 per cent (payable in cash or units) based on the sale of the units purchased by subscribers introduced to the company by such finders. The company intends to use the proceeds from this private placement for financing the continued development and pursuit of business opportunities in the area of pharmaceutical and neutraceutical manufacturing and distribution, and for general working capital purposes.