THE SCAM CONTINUES..DILUTION NEWS!
VANCOUVER, British Columbia, September 14, 2018 – MYM Nutraceuticals Inc., (CSE: MYM) (OTCBB: MYMMF)(“MYM”)is pleased to announce it has closed a non-brokered private placement consisting of 5,885,972 units at a price of $0.90 per unit for gross proceeds of $5,297,374.80.
Each unit in the private placement is comprised of one common share and one transferable share purchase warrant with each warrant exercisable into one additional common share at a price of $1.50 for a period of two years. The warrants are subject to an acceleration provision that allows the Company to give notice of an earlier expiry date if the Company’s share price on the Canadian Securities Exchange (or such other stock exchange the Company may be trading on) is equal or greater than $2.50 for 10 consecutive trading days.The securities will be subject to a four month and one day hold period under securities laws.
In connection with the private placement, the Company paid certain arm’s length finders Finder’s fees totaling $188,450.46.
The Company intends to use approximately $4,000,000 of the net proceeds from the private placement for the construction of the Weedon Project located in Weedon, Quebec and the remaining funds for general working capital and corporate purposes.
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