Friday, September 15, 2017 3:37:37 PM
As announced on August 31st, 2017, the Company has closed a second tranche of the Offering by issuing 1,170,000 units ("Units") for a total of $468,000. In total, the Company has now closed two tranches for total gross proceeds of $3,017,000.
The Offering, which was initially announced on May 18th, 2017, consists of up to 12,500,000 Units at a price of $0.40 per Unit for a total of $5,000,000, with an over-allotment option to increase the Offering by up to 15%. Each Unit consists of one share of common stock of the Company and one common share purchase warrant (each a "Warrant"), with each Warrant exercisable to acquire an additional share of common stock of the Company at a price of $0.55 per share for a period of three years.
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
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