Offering sells 3,134,025 units of one share and one five-year warrant
By Devika Patel
Knoxville, Tenn., Aug. 22 – Microbix Biosystems Inc. said it completed a C$1.22 million non-brokered private placement of units.
The company sold 3,134,025 units of one common share and one warrant at C$0.39 per unit.
Each five-year warrant will be exercisable at C$0.55, a 1.79% discount to the Aug. 21 closing share price of C$0.56.
Based in Toronto, Microbix specializes in the development and commercialization of biological technologies.
| Issuer: | Microbix Biosystems Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1,222,270
|
| Units: | 3,134,025
|
| Price: | C$0.39
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.55
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 22
|
| Stock symbol: | Toronto: MBX
|
| Stock price: | C$0.56 at close Aug. 21
|
| Market capitalization: | C$37.73 million
|
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