|
TORONTO, ONTARIO--(Marketwired - April 16, 2014) - Vida Cannabis Corp. ("Vida Cannabis") is pleased to announce it has completed an oversubscribed equity financing, raising US$ 2.5 million via private placement offering of its common stock. Initially, the round was set at US$ 1.5 million. Due to significantly higher interest than anticipated, Vida increased the quantum of financing to US$ 2.5 million, which was consented to by investors of this round. This private placement consisted of 10,000,000 common shares at a price of US$ 0.25 per share for total gross receipts of US$ 2.5 million, bringing the total number of common shares outstanding to 28,708,400. |
