Algernon Pharmaceuticals Inc. C.AGN

Algernon, $50,000,000 public offering/private placement

[talisman47]

Below information courtesy of "money shot" on Investor Hub


Here Comes The Public Offering/Private Placement:

ALGERNON PHARMACEUTICALS INC.

$50,000,000

PRELIMINARY SHORT FORM BASE SHELF PROSPECTUS

Common Shares
Warrants
Subscription Receipts
Units

Excerpt

Quote:

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This preliminary short form base shelf prospectus (this “Prospectus”) relates to the offering for sale of class A common shares (the “Common Shares”), warrants (the “Warrants”) and subscription receipts (the “Subscription Receipts”) or any combination of such securities (the “Units”) (all of the foregoing, collectively, the “Securities”) by Algernon Pharmaceuticals Inc. (“Algernon” or the “Company”) from time to time, during the 25-month period that the Prospectus, including any amendments hereto, remains effective, in one or more series or issuances, with a total offering price of the Securities in the aggregate, of up to $50,000,000. The Securities may be offered for sale separately or in combination with one or more other Securities and may be sold from time to time in one or more transactions at a fixed price or prices (which may be changed) or at market prices prevailing at the time of sale, at prices determined by reference to such prevailing market prices or at negotiated prices.

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https://webfiles.thecse.com/sedar_filings/00037722/2102081518070929.pdf

https://webfiles.thecse.com/sedar_filings/00037722/2102081516506706.pdf

https://webfiles.thecse.com/sedar_filings/00037722/2102081518288264.pdf

https://thecse.com/en/listings/life-sciences/algernon-pharmaceuticals-inc

[CaboWabo5150]

I am a shareholder, however I am not well read in the posted materials... Can anyone elaborate, and is this favourable news or otherwise?

[Mole101]

Basically they now have the option of raising funds available to them as they may see necessary for 50 million with in the next 25 months ( so when they do you don't have time to react , standard practices ......this was out on the 5th This preliminary short form base shelf prospectus (this “Prospectus”) relates to the offering for sale of class A common shares (the “Common Shares

[AGNPFer]

This post has been removed in accordance with Community Policy

[TheBearInTheWoods]

Lmao, the ole 50 million PP on the books and not in a NR! Don't worry that only 50% more dilution hahahahaha 

[Mole101]

little Bear you need to learn to read before you bite ..you know it but it won't help you for the next 3 weeks as the SP is only heading up. But at some point  there will be a PP and most likely will be after results from 2b to get as much as they can .. quote=TheBearInTheWoods]Lmao, the ole 50 million PP on the books and not in a NR! Don't worry that only 50% more dilution

[TheBearInTheWoods]

The stock will go up high enough for a fund to short it and do another below market PP with a warrant. Just trade it properly mole boi 

[Mole101]

well aware Bear .. 3 million traded on the US today, there is a wider interest about Canadian Securities south of the border and will push sp up. Thanks for the advise ; ).. quote=TheBearInTheWoods]The stock will go up high enough for a fund to short it and do another below market PP with a warrant. Just trade it properly mole boi  [/quote]  

[TheBearInTheWoods]

Don't worry shareholders only 47,500,000 more dilution to come with the new pivot to DMT