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SirSquibbels wrote: I miss read the release thank you for the clarification coinman
coinman wrote:
No difference between first and second tranche.
Pursuant to the second tranche, the company issued 2.1 million units of the company at a price of 25 cents per unit for gross proceeds of $525,000. Each unit consists of one common share of the company and one-half of a common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of 40 cents per common share until Dec. 12, 2021.
Pursuant to the first tranche, the company issued eight million units of the company at a price of 25 cents per unit for gross proceeds of $2-million. Each unit consists of one common share of the company and one-half of a common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of 40 cents per common share until Dec. 2, 2021.