TSXV:LBL.H - Post by User
Comment by
BrandoTheBoreon May 05, 2020 10:49am
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Post# 30987596
RE:RE:Website makes no sense
RE:RE:Website makes no sense Incorrect. It states they need $1 million to get phase 1 approval. They don't need the money from them for that.
Further, the Company has arranged a non-brokered private placement of up to 10 million units ("Units") at a price of $0.10 per Unit for aggregate gross proceeds of $1,000,000 (the "Offering"). Each Unit will be comprised of one common share ("Share") and one–half transferable Share purchase warrant of the Company ("Warrant"). Each full Warrant will entitle the Subscriber to purchase one Warrant Share for a 24 month period after the Closing Date at an exercise price of $0.10 per share. Proceeds raised from the Offering will be used for the expansion of its stem cell technology to address CONVID-19. Finders' fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.
This offering is subject to TSX Venture Exchange acceptance and expected to close March 30, 2020.