Avidus Completes Non-Brokered Private Placement

Avidus Management Group Inc. (TSXV:AVD, OTCPINK:ASNHF) has completed its non-brokered private placement which consisted of the sale of 20,433,680 common shares of the company (the at a subscription price of $0.075 per Share for gross proceeds of $1,532,526.
According to the company press release:

No finder’s fee or commission was paid in respect of the Private Placement. The net proceeds of the Private Placement are expected to be utilized by the Company for general corporate and working capital purposes.

Click here to view the full press release.