TORONTO, ON / ACCESSWIRE / September 7, 2022 / 01 Communique Laboratory Inc. (TSXV:ONE)(OTCQB:OONEF) (the "Company") announced today that it has closed a non-brokered private placement (the "Private Placement") of 562,500 units (the "Units") at a price of $0.20 per Unit for gross proceeds of $112,500.
Each Unit is comprised of one common share in the capital of the Company (each, a "Share") and one-half of one Share purchase warrant (each, a "Warrant"). Each whole Warrant entitles the holder to purchase one additional Share in the capital of the Company (each, a "Warrant Share") for a period of 24 months from the closing date at an exercise price of $0.35 per Warrant Share.
The proceeds from the issuance will be used for working capital purposes.