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| Home : Supreme Completes Private Placement for $684,449 Aggregate Subscription Proceeds |
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Jul 31
2015 |
Supreme Completes Private Placement for $684,449 Aggregate Subscription Proceeds |
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TORONTO, ONTARIO--(Marketwired - July 30, 2015) - Supreme Pharmaceuticals Inc. ("Supreme" or the "Company") (OTC PINK:SPRWF)(CSE:SL) is pleased to announce that it has closed a private placement financing (the "Financing") for gross proceeds of $684,449.82. Upon closing the Financing, Supreme issued 4,026,469 units ("Units") at a price of $0.17 per Unit. Each Unit consists of one common share ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant is exercisable for one Common Share at a price of $0.32 per share prior to July 27th, 2017, subject to an accelerated expiry period upon 30-days' notice by the Company to the subscriber, if the Common Shares trade at or about $0.60 for any five (5) day period during the term of the Warrants. |
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| Source:http://www.marketwired.com/mw/release.do?id=2043843&sourceType=3 |
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