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Home : Arch Biopartners Closes Non-Brokered Private Placement Financing
Aug 11
2017

Arch Biopartners Closes Non-Brokered Private Placement Financing

TORONTO, ONTARIO--(Marketwired - Aug. 10, 2017) - Arch Biopartners Inc., (Arch or the Company) (TSX VENTURE:ARCH)(OTCBB:ACHFF), announced today it has closed the non-brokered private placement the Company announced in a press release July 24, 2017 (The "Offering"). Pursuant to the Offering, Arch issued 310,000 Units priced at $0.50 per Unit (the "Units") for gross proceeds of $155,000. Each Unit consists of one common share of the Company and one common share purchase warrant (the "Warrant"). Each Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of $0.50 per common share for a period of 24 months from the closing date of the Offering. All securities issued in connection with the Offering are subject to a hold period of four months and one day from the closing date.
Source:http://www.marketwired.com/mw/release.do?id=2229765&sourceType=3
 
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