Pond Technologies Holdings Inc. ( $POND.V $PNDHF ), a biotechnology company focused on growing algae with CO2 emissions, announced yesterday that they closed a non-brokered private placement offering of 3,333,333 units of Pond @ $0.45 per Unit.
The aggerate gross proceeds of this deal is $1.5M.
Each Unit was comprised of one common share of $POND and one-half Common Share purchase warrant.
Each warrant entitles the holder to buy one half common share @ $0.60
$POND is expected to use the net proceeds of this deal for general working capital purposes.
$POND 's stock price is so far stable today, trading @ $0.47
full article here: https://www.accesswire.com/660236/Pond-Technologies-Announces-Closing-of-1500000-Unit-Offering