NetworkNewsBreaks – PreveCeutical Medical Inc. (
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Posted On: 04/09/2018 4:36:29 PM
NetworkNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Schedules 2018 Annual Meeting; Announces Non-Brokered Private Placement
Health sciences company PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced a non-brokered private placement of up to 16 million units at the price of $0.25 per unit for total gross proceeds of up to CAD$4,000,000. Each unit is comprised of one common share of the company and one warrant with an exercise price of $0.50 per share for a period of 24 months from the closing of the offering. The units are subject to an acceleration provision that enables sooner expiration of the warrants if the closing price of the shares on the Canadian Securities Exchange is $1.00 for a minimum of ten consecutive trading days. The warrants will expire 30 days after the company notifies the warrant holders of the accelerated expiry. PreveCeutical intends to use the proceeds of the private placement to fund its research & development programs and for general working capital purposes. Additionally, PreveCeutical announced that its 2018 annual general and special meeting will be taking place on May 11, 2018 in Vancouver, British Columbia. The meeting will include the election of directors and other annual maintenance matters as well as the consideration of shareholders to approve the forward split of the company’s issued and outstanding common shares on the basis five new shares for each one old share. PreveCeutical also announced the resignation of Kimberly Van Deventer as the president and a director of the company. Stephen Van Deventer has been appointed as president.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Health sciences company PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced a non-brokered private placement of up to 16 million units at the price of $0.25 per unit for total gross proceeds of up to CAD$4,000,000. Each unit is comprised of one common share of the company and one warrant with an exercise price of $0.50 per share for a period of 24 months from the closing of the offering. The units are subject to an acceleration provision that enables sooner expiration of the warrants if the closing price of the shares on the Canadian Securities Exchange is $1.00 for a minimum of ten consecutive trading days. The warrants will expire 30 days after the company notifies the warrant holders of the accelerated expiry. PreveCeutical intends to use the proceeds of the private placement to fund its research & development programs and for general working capital purposes. Additionally, PreveCeutical announced that its 2018 annual general and special meeting will be taking place on May 11, 2018 in Vancouver, British Columbia. The meeting will include the election of directors and other annual maintenance matters as well as the consideration of shareholders to approve the forward split of the company’s issued and outstanding common shares on the basis five new shares for each one old share. PreveCeutical also announced the resignation of Kimberly Van Deventer as the president and a director of the company. Stephen Van Deventer has been appointed as president.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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