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Diagnos closes $332,500 financing at a nickel
2018-12-12 17:56 ET - News Release
Mr. Andre Larente reports
Diagnos Inc. has closed a private placement of 6.65 million units issued at five cents per unit for gross proceeds of $332,500.
Each unit consists of:
- One stock warrant, entitling the holder to purchase one share per warrant at a price of six cents per share, for a period of 18 months ending June 12, 2020.
The proceeds will be used mainly to finance sales and marketing as well as administrative expenses.
Shares issued as part of the private placement as well as the underlying shares to be issued upon exercise of the warrants are subject to a statutory four-month hold period ending April 12, 2019.
The private placement is subject to final receipt of all required approvals, including the final approval of the TSX Venture Exchange, as well as the execution of formal documentation.
All moneys quoted in this press release shall be stated and paid in lawful money of Canada.
About Diagnos Inc.