MYM Closes Second Tranche of Non-brokered Private Placement

MYM Nutraceuticals (CSE:MYM,OTC:MYMMF) has closed the second tranche of the non-brokered private placement previously announced on January 14, 2020.

As quoted in the press release:

The second tranche issued 3,683,416 units at a price of $0.06 per unit for gross proceeds of $221,005. There was $2,664 in finders’ fees payable on this tranche.

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.10 for a period of three years from the issue date. The warrants are subject to an acceleration provision that allows the Company to give notice of an earlier expiry date if the Company’s weighted average share price on the CSE (or such other stock exchange the Company may be trading on) is equal or greater than $0.20 for a period of 10 consecutive trading days.

Click here to read the full press release.