2023-07-06 10:31 ET - News Release
Mr. John Kueber reports
NEVIS BRANDS INC. (FORMERLY PASCAL BIOSCIENCES INC.) LISTING ON THE CSE AND CLOSE BALANCE OF A $2,000,000 PRIVATE PLACEMENT
Nevis Brands Inc.'s common shares have listed on the Canadian Securities Exchange. The second tranche of the previously announced $2-million private placement closed with the issue of 4,805,000 shares of the company at a deemed price of 10 cents per share. A total of 2,402,500 share purchase warrants were issued to the subscribers to the private placement to acquire 2,402,500 additional shares, exercisable for one year at a price of 20 cents per share. A finder's fee of $32,235 was paid and the finder was issued 230,250 warrants on the same terms as the private placement warrants. This completes the balance of the reorganization of the company announced on Dec. 9, 2022.
All shares have a hold period expiring Nov. 7, 2023.
The company's CSE Form 2A dated June 30, 2023, provides the details of the reorganization.
About Nevis Brands Inc.
Based in Seattle, Wash., Nevis innovates and develops cannabis products that have been consumed by millions of consumers across multiple markets in the United States. Led by the company's flagship brand, Major, Nevis partners with leading cannabis product manufacturers and distributors to enhance their product offerings by providing popular, proven brands in their respective territories.