MYM Nutraceuticals Inc MYMMF

NEWS

[SolidInvestment]

Insiders loading up. IMO MYM Nutraceuticals closes $125,000 private placement 2019-10-11 21:20 ET - News Release Mr. Howard Steinberg reports MYM CLOSES NON-BROKERED PRIVATE PLACEMENT MYM Nutraceuticals Inc. has issued 1,190,476 units in a non-brokered private placement at a price of 10.5 cents per unit for gross proceeds of $125,000. There were no finders' fees payable on this private placement. The offering was priced in the context of the market based on a price reservation made by the company with the Canadian Securities Exchange. The private placement is subject to the approval of the CSE, and the securities will be subject to a four-month hold period under securities laws. The company intends to use the net proceeds from the private placement for working capital purposes. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 17.5 cents for a period of three years from the issue date. The warrants are subject to an acceleration provision that allows the company to give notice of an earlier expiry date if the company's share price on the CSE (or such other stock exchange the company may be trading on) is equal or greater than 35 cents for a period of 10 consecutive trading days. MYM Nutraceuticals is an innovative company focused on the global growth of cannabis and CBD-(cannabidiol)-rich hemp. To ensure a strong presence and growth potential within the industry, MYM is actively looking to acquire complementary businesses and assets in the technology, nutraceuticals and CBD sectors. MYM International Brands Inc. is dedicated to creating and distributing world-class CBD-rich consumer products around the globe. We seek Safe Harbor.