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| Home : THC Closes $900,000 First Tranche Private Placement at $0.12 for 7,500,000 Units and Settles $90,600 in Debt |
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Dec 11
2015 |
THC Closes $900,000 First Tranche Private Placement at $0.12 for 7,500,000 Units and Settles $90,600 in Debt |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 10, 2015) - THC BioMed Intl Ltd. ("THC" or "the Company") (CSE:THC)(OTC PINK:THCBF)(FRANKFURT:TFHC) is pleased to announce the closing of the first tranche of a non-brokered private placement (the "Private Placement") in which THC has raised aggregate gross proceeds of $900,000. THC has issued 7,500,000 units (Each a "Unit") at a price of $0.12 per Unit. Each Unit is comprised of one common share and one common share purchase warrant exercisable at $0.25 per share for a period of 12 months, subject to an accelerated exercise provision that if the closing sales price of the Company's common shares is $0.20 or higher for a period of 10 consecutive trading days, then the Company may, within five days of such event, provide notice by way of press release to the holder of the warrants of the early expiry of the warrants, and thereafter the warrants shall expire on that date that is 30 days from the date that such notice is given. |
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| Source:http://www.marketwired.com/mw/release.do?id=2081017&sourceType=3 |
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