By Laura Lutz
Des Moines, Aug. 21 - WEX Pharmaceuticals Inc. plans to complete a C$2.06 million private placement of shares with investors in China.
The company will sell 7,773,584 shares at C$0.265 each.
The deal is expected to close Sept. 8.
Proceeds will be used for general working capital.
WEX Pharmaceuticals is a Vancouver, B.C., drug company focused on pain treatment.
| Issuer: | WEX Pharmaceuticals Inc.
|
| Issue: | Stock
|
| Amount: | C$2,059,999.76
|
| Shares: | 7,773,584
|
| Price: | C$0.265
|
| Warrants: | No
|
| Pricing date: | Aug. 21
|
| Stock symbol: | TSX Venture: WXI
|
| Stock price: | C$0.325 at close Aug. 21
|
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