TSXV:CLAS.H - Post by User
Post by
Red~Oneon Mar 31, 2022 10:40am
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Post# 34562817
Funding
Funding - "The Agreement will provide Claritas with two-years of working capital, with initial proceeds allocated to the remaining costs of the Phase 1 clinical study of R-107, which the Company expects to complete in Q1 2022." Jan 12 NR
A burn rate of $180,000 a month and remember Bob likes to keep the cash and pay with warrants/shares
"'Claritas may draw down, at its option and subject to certain conditions, cash tranches of up to $250,000. Each tranche shall be a private placement ...."