Burcon Closes Over-Subscribed $4.3 Million Non-Brokered Private Placement to Accelerate Commercial Plans
Principal subscribers include Company directors, management, long-term shareholders, and new investors in support of Burcon's long-term vision.
- Principal subscribers include Company directors, management, long-term shareholders, and new investors in support of Burcon's long-term vision.
- "We are excited to announce the successful completion of our private placement and combined with non-dilutive capital sources, fully funds our business plan to cash flow positive," said Kip Underwood, Burcon's chief executive officer.
- "In response to significant customer interest for our protein offerings, we are accelerating our commercial plans.
- All securities issued in connection with the Offering are subject to a statutory hold period in Canada expiring four months and one day from the closing of the private placement.