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NEWS: CYX Completes $1 Million placement for blockchain!

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Campeese   Sunday, 11/12/17 07:30:39 AM
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NEWS: CYX Completes $1 Million placement for blockchain! Solid news, now with $1 million cash on hand, this new blockchain play should surge. News released friday, it looks like it's waking up!

News:

VANCOUVER, British Columbia, Nov. 10, 2017 (GLOBE NEWSWIRE) -- Calyx Bio-Ventures Inc. (TSX-V:CYX) (“Calyx” or the “Company”) is pleased to announce that it has completed a non-brokered private placement of 14,857,143 units (each, a “Unit”), at a price of $0.07 per Unit, for gross proceeds of $1,040,000. Each Unit consists one common share of the Company, and one-half-of-one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable to acquire one additional common share of the Company at a price of $0.15 per share for a period of twenty-four months.

All securities issued in connection with the private placement are subject to a four-month-and- one-day statutory hold period expiring on March 11th, 2018. In connection with closing of the private placement, the Company paid a cash commission of $2,100.

The Company is also pleased to announce that it has entered into a letter of intent to lease and build out an additional facility that will house the Company’s new corporate head office and a “state of the art” environment to execute on its strategic plan to deploy its first data mining facility and to provide additional space to better support operations and ongoing business development.

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