ProtoKinetix Inc (PKTX)

[scoobey-do]

In reading the 1st quarter 10-Q, I see PKTX has approximately $121,000 in cash after selling 822,223 in company shares. Should hold the company in cash needs for a while.

On April 13, 2020, the Company sold 822,223 shares of common stock of the Company at a price per share of $0.09 for gross proceeds of $74,000 to accredited investors in a private placement. No solicitation was used in the offering. The Company relied on the exemption from registration available under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated under the Securities Act with respect to transactions by an issuer not involving any public offering. No commissions were paid in connection with these issuances of securities. A Form D was filed on April 24, 2020.

https://www.otcmarkets.com/filing/html?id=14094229&guid=QOgHUqCTdHAHhth