Company sells 1,375,000 common shares at C$0.80 per share
By Devika Patel
Knoxville, Tenn., Nov. 13 – Medipure Holdings Inc. said it plans a C$1.1 million private placement of stock.
The company will sell 1,375,000 common shares at C$0.80 apiece.
Proceeds will be used for research and development of cannabinoid-based medicines, to purchase property for the company's production and research facility and for construction, engineering and development work to advance this facility and for the company's operations.
The pharmaceutical company is based in Vancouver, B.C.
| Issuer: | Medipure Holdings Inc.
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| Issue: | Common stock
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| Amount: | C$1.1 million
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| Shares: | 1,375,000
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| Price: | C$0.80
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| Warrants: | No
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| Pricing date: | Nov. 13
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| Stock symbol: | CNSX: MDH
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