Algernon Pharmaceuticals Inc (AGNPF)

[shell3]

$50,000,000 Private Placement

WOW or SOS

@ $10 it’d be 5M Shares
@ $1 it’d be 50M Shares
@ .10 would be 500M Shares

With Warrants also available as the $50,000,000 is probably Units only figure — JMO

https://webfiles.thecse.com/AGN_-_Final_Short_Form_Base_Shelf_Prospectus_dd_May_5_2021.pdf?BXNf.kOYWuNyX76yg4nPIsRYETVIANj3

I’ll list a few quotes found in the 45 Page of why need $50,00,000 Private Placement

The Securities may be offered for sale separately or in combination with one or more other Securities and may be sold from time to time in one or more transactions at a fixed price or prices (which may be changed) or at market prices prevailing at the time of sale, at prices determined by reference to such prevailing market prices or at negotiated prices.

Common Shares
The Company is authorized to issue an unlimited number of Common Shares without par value. As of the date of this Prospectus 166,986,769 Common Shares are issued and outstanding

b) the price or prices, if any, at which the Units will be issued;

That highlighted must mean “if any Units” - JMO

PLAN OF DISTRIBUTION
The Company and/or any selling securityholders may from time to time during the 25-month period that this Prospectus, including any amendments hereto, remains valid, offer for sale and issue Common Shares, Warrants, Subscription Receipts and Units. During such period, the Company may sell up to $50,000,000 in the aggregate, of initial offering price of Securities (or the equivalent amount if any Securities are denominated in a currency other than Canadian dollars).

The Company anticipates it will have negative cash flow from operating activities in future periods.

I found no price IF ANY

On to the next that was Filed same day

https://webfiles.thecse.com/AGN_-_BCSC_Final_Receipt_dd_May_6_2021_SF_Base_Shelf_Prospectus_dd_May_5_2021.pdf?ARbOOQvRnJxgs.mljqvp9Sfg0qHGWsWO

And the 3rd one Filed same day - Still no Price IF ANY

https://webfiles.thecse.com/AGN_-_Auditor_s_consent_SF_Base_Shelf_Prospectus_dd_May_5_2021.PDF?KE8uza0jrBe0VmLFsRmV0ehG8jZtYHgQ