Khiron Life Sciences Corp (KHRNF)

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KHIRON LIFE SCIENCES ANNOUNCES PRICING AND SIZE OF OVERNIGHT BROKERED OFFERING

Download as PDFJUNE 02, 2022 2:37PM EDT
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TORONTO, June 2, 2022 /CNW/ - Khiron Life Sciences Corp. ("Khiron" or the "Company") (TSXV: KHRN) (OTCQX: KHRNF) is pleased to announce that it has priced and sized its previously announced underwritten overnight marketed public offering (the "Offering"). Pursuant to the Offering, the Company will issue 26,700,000 units of the Company (each, a "Unit") at a price of C$0.15 per Unit (the "Offering Price") for aggregate gross proceeds of C$4,005,000. Each Unit will consist of one common share of the Company (each, a "Unit Share") and one Common Share purchase warrant of the Company (each, a "Unit Warrant"), with each Unit Warrant being exercisable to acquire one Common Share (each, a "Warrant Share") at an exercise price of C$0.20 for a period of 24 months following the closing date of the Offering.