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TORONTO, ONTARIO--(Marketwired - Dec. 11, 2015) - BlueOcean NutraSciences Inc. ("BlueOcean" or "the Company") (TSX VENTURE:BOC) is pleased to announce that it intends to proceed with a private placement offering of up to 30,000,000 working capital units ("Units") at a subscription price of C$0.07 per Unit for gross proceeds of up to C$2,100,000 (the "Private Placement"). Each Unit will consist of one common share ("Common Share") and one-half of one warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at a price of C$0.10, for a period of 24 months from the date of closing. The securities to be issued will be subject to a statutory four month-plus-one-day hold period from the date of closing. |
