Miraculins Closes Private Placement

Miraculins (TSXV:MOM) has closed a previously announced private placement for a total of $350,000. Proceeds from the placement will be used for general corporate purposes.
As quoted in the press release:

Each whole Warrant entitles the holder to purchase one Share at a price of $0.10 per Share for a period of two years from the date the Warrant is issued. The Shares and Warrants will be restricted from transfer for a period of four months and a day from the date hereof in accordance with applicable securities laws. The net proceeds of the Offering shall be used for general corporate purposes.
A certain person assisted the Company by introducing potential subscribers for the Offering and was paid a finder’s fee of 10% of the total subscription proceeds received from subscribers introduced to the Company by that person. Additionally, this person was issued compensation warrants (“Compensation Warrants”) equal to 10% of the total number of Units subscribed for by subscribers introduced to the Company by this person. Each Compensation Warrant entitles the holder thereof to purchase one Share at a price of $0.10 per Share for a period of one year from the date of issue. The Compensation Warrants will be restricted from transfer for a period of four months and a day from the date hereof in accordance with applicable securities laws.
The closing of the Offering is subject to the final approval of the TSX Venture Exchange.

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