By Sheri Kasprzak
New York, Aug. 31 - One Person Health Sciences Inc. said it has completed its previously announced C$1 million private placement for C$310,000.
The company sold 3.1 million units at C$0.10 each.
The units are comprised of one share and one warrant. The warrants are exercisable at C$0.15 each for one year.
The expiry of the warrants may be accelerated to 30 days if the company's stock trades above C$0.25 for more than 10 consecutive trading days.
The offering was first announced June 20 for up to C$1 million through the sale of up to 10 million units under the same terms.
Haywood Securities Inc. was the placement agent.
The proceeds will be used for working capital, marketing and business development.
In other news, Mike Brown was appointed the company's president and chief operating officer.
Based in Vancouver, B.C., One Person develops assessment and recommendation technologies, products and services for consumers and health care providers.
| Issuer: | One Person Health Science Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$310,000
|
| Units: | 3.1 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.15
|
| Placement agent: | Haywood Securities Inc.
|
| Pricing date: | June 20
|
| Settlement date: | Aug. 31
|
| Stock price: | C$0.085 at close June 20
|
| Stock price: | C$0.08 at close Aug. 30
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
