Funds used to build inventory, for NeuEnergy marketing and advertising
By Devika Patel
Knoxville, Tenn., Nov. 30 – NeutriSci International Inc. said it settled a C$2.34 million non-brokered private placement of units on Nov. 26. The oversubscribed deal priced for C$2 million on Oct. 20.
The company sold 13,013,000 units of one common share and one warrant at C$0.18 per unit. Each warrant is exercisable at C$0.25 until Nov. 25, 2017. The strike price is a 38.89% premium to the Oct. 19 closing share price of C$0.18.
Proceeds will be used to build inventory, for marketing and for advertising programs related to NeuEnergy and for general corporate purposes.
Based in Calgary, Alta., the company makes, sells and distributes neutraceuticals, whole food supplements and cosmetic products.
| Issuer: | NeutriSci International Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$2,342,340
|
| Units: | 13,013,000
|
| Price: | C$0.18
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Nov. 25, 2017
|
| Warrant strike price: | C$0.25
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 20
|
| Settlement date: | Nov. 26
|
| Stock symbol: | TSX Venture: NU
|
| Stock price: | C$0.18 at close Oct. 19
|
| Market capitalization: | C$6.95 million
|
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