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Bioasis Technologies Announces Closing of Initial C$3,000,000 Funding by Lind Partners

Under the Agreement, (i) Lind advanced to Bioasis C$3,000,000, less a closing fee of C$90,000, in consideration for the issuance of an uncertificated convertible security (the “First Convertible Security”) in the principal amount of C$3,000,000 and having an aggregate face value of C$3,600,000, and (ii) the Company issued to Lind 4,839,048 common share purchase warrants exercisable for 30 months from the date of issue at an exercise price of $0.41 per share. The proceeds from the issuance of the First Convertible Security will be used for general working capital. Read More

from Financial Post https://ift.tt/3Aavp9e
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