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VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 17, 2014) - RepliCel Life Sciences Inc. ("RepliCel" or the "Company") (TSX VENTURE:RP)(OTCQB:REPCF), is pleased to announce it has completed the third and final tranche of its non-brokered financing (the "Financing") announced on March 28, 2014, which consisted of a non-brokered private placement of 866,000 units (each a "Unit") at a price of $0.75 per Unit for gross proceeds of $649,500 (the "Offering"). The total final gross proceeds for the Unit offering were $3,990,125.25. Each Unit consists of one common share of the Company (each, a "Share") and one Share purchase warrant (the "Warrant"), which will entitle the holder to purchase one additional Share for a period of two years from the closing of the private placement at a price of $1.00 per Share during the first year and $1.25 per Share during the second year. This financing was led by Crossover Healthcare Fund, LLC. |
