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| Home : Arch Biopartners Closes First Tranche of Private Placement |
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Jan 13
2015 |
Arch Biopartners Closes First Tranche of Private Placement |
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TORONTO, ONTARIO--(Marketwired - Jan. 12, 2015) - Arch Biopartners Inc ("Arch or the "Company") (CSE:ACH)(OTCBB:FOIFF) announced today it has raised $658,525 by closing the first tranche of the non-brokered private placement it announced in a press release January 6, 2015. Pursuant to the terms of the private placement, Arch issued 1,881,500 Units at a price of $0.35 per unit (the "Units"). Each Unit consists of one common share of the Company and one common share purchase warrant (the "Warrant"). Each Warrant entitles the holder to purchase one common share of the Company at an exercise price of $0.70 per common share until 5:00PM EST on January 13, 2017. |
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| Source:http://www.marketwired.com/mw/release.do?id=1982003&sourceType=3 |
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