Miraculins Announces $250,000 Financing

Miraculins Inc. (TSXV:MOM) announced a non-brokered private placement of up to $250,000 consisting of 2,500,000 units at a price of $0.10 per Unit. Each unit is made up on one common share and one share purchase warrant. Each warrant entitles the holder to purchase one share at a price of $0.15 per share for a period of 24 months from the date the Warrant is issued.

As quoted in the press release:

Each Unit will be comprised of one common share of the Company (a “Share”) and one Share purchase warrant. Each whole warrant (a “Warrant”) will entitle the holder to purchase one Share at a price of $0.15 per Share for a period of 24 months from the date the Warrant is issued.

Certain persons may assist the Company by introducing potential subscribers for the Offering and, subject to compliance with applicable legislation, will be entitled to receive a finder’s fee, payable in cash and share purchase warrants, as permitted by law.

The net proceeds of the Offering will be used for general corporate purposes.

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