- Xebra Brands (XBRA) has closed a non-brokered private placement for gross proceeds of $905,203.81
- The company issued 15,086,731 units at a price of $0.06 per unit
- Net proceeds will be used for working capital and general corporate purposes
- Xebra Brands is an international cannabis cultivation and consumer product company
- Xebra Brands (XBRA) opened trading at C$0.08
Xebra Brands (XBRA) has closed a non-brokered private placement for gross proceeds of $905,203.81.
Under the offering, the company issued 15,086,731 units at a price of $0.06 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of $0.10 for up to 18 months following the closing of the offering.
The net proceeds will be used for working capital and general corporate purposes.
All securities issued will be subject to a statutory four-month hold period.
A total of 100,000 common shares were issued to eligible finders.
Company insiders acquired a total of 5,795,133 units.
Xebra Brands is an international cannabis cultivation and consumer product company.
Xebra Brands (XBRA) opened trading at C$0.08.