closed pp with 60 percent premium to market!!! BETTERU EDUCATION CORP. ANNOUNCES THE CLOSURE OF THE SECOND TRANCHE OF THE PRIVATE PLACEMENT
Further to the news release dated June 26, 2017, BetterU Education Corp. has closed the second tranche of the non-brokered private placement.
The Company has completed subscription agreements for $750,000 for the second tranche on Tuesday, July 11th. As previously stated, betterU's financing includes tranche investments that assists in accommodating interest from strategic investment partners who require additional time for due diligence. betterU continues to assess multiple international strategic partners interested in supporting betterU.
The financing will consist of 1,363,650 Units at $0.55 per unit. Each unit consists of a Common share and a one-half warrant ("Unit"). Each full warrant can be exercised for one year at a price of $0.80. A finder's fee of 7.5% in cash and/or warrants and 7.5% in warrants may be paid on a portion of the private placement.