RE:New Age closes $2.07M second tranche of financing Further to news release of March 26, 2021 and March 31, 2021, the Company has now completed the second tranche of its private placement ("Private Placement") raising additional proceeds of $2,075,000. The Company has issued 12,968,750 units ("Units") at a purchase price of $0.16 per Unit for proceeds of $2,075,000.
Each Unit consisted of one common share and one half of one share purchase warrant, whereby each whole warrant entitles the holder to purchase one additional common share at a purchase price of $0.20 per share at any time up to August 25, 2023.