Multilateral

Burcon Closes Over-Subscribed $4.3 Million Non-Brokered Private Placement to Accelerate Commercial Plans

Retrieved on: 
Tuesday, March 12, 2024

Principal subscribers include Company directors, management, long-term shareholders, and new investors in support of Burcon's long-term vision.

Key Points: 
  • 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.

Canter Resources Closes Final Tranche of Its Non-Brokered Private Placement

Retrieved on: 
Tuesday, March 5, 2024

Vancouver, British Columbia--(Newsfile Corp. - March 5, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to announce that has closed the final tranche of its non-brokered private placement raising gross proceeds of $250,000 through the issuance of 500,000 units (the "Units") at $0.50 per Unit (the "Offering").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - March 5, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to announce that has closed the final tranche of its non-brokered private placement raising gross proceeds of $250,000 through the issuance of 500,000 units (the "Units") at $0.50 per Unit (the "Offering").
  • Joness Lang, CEO and a director of the Company purchased 37,000 Units in the Offering.
  • Mr. Lang also purchased 125,000 Units in the first tranche for a combined total of 162,000 Units.
  • The Company paid finder's fees of $7,000 cash and 14,000 finder's warrants (the "Finder's Warrants") in connection with the closing of the final tranche of the Offering.

Cosa Resources Closes C$6.5 Million Private Placement

Retrieved on: 
Tuesday, March 5, 2024

Vancouver, British Columbia--(Newsfile Corp. - March 5, 2024) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce that it has closed the brokered private placement previously announced by the Company on February 12, 2024, as upsized on February 13, 2024, for aggregate gross proceeds of C$6,500,816 (the "Offering").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - March 5, 2024) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce that it has closed the brokered private placement previously announced by the Company on February 12, 2024, as upsized on February 13, 2024, for aggregate gross proceeds of C$6,500,816 (the "Offering").
  • The Offering was completed through a syndicate of underwriters, led by Haywood Securities Inc. and including PI Financial Corp. (collectively, the "Underwriters").
  • All Qualifying Expenditures will be renounced in favour of the subscribers of the Charity FT Units effective December 31, 2024.
  • Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Christina Lake Cannabis Provides Operations Update

Retrieved on: 
Tuesday, March 12, 2024

VANCOUVER, British Columbia, March 11, 2024 (GLOBE NEWSWIRE) -- Christina Lake Cannabis Corp. (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT:CLB), (the "Company" or "Christina Lake Cannabis" or "CLC"), a leading producer of high quality extracts and sun grown cannabis, is pleased to announce following its acquisition of outdoor cultivation facilities in Midway, British Columbia, which closed in February 2024, it has entered into a lease agreement to acquire new harvesting equipment (the "Equipment") to address both the expanded cultivation footprint and growing demand for its products (the "Lease Agreement").

Key Points: 
  • VANCOUVER, British Columbia, March 11, 2024 (GLOBE NEWSWIRE) -- Christina Lake Cannabis Corp. (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT:CLB), (the "Company" or "Christina Lake Cannabis" or "CLC"), a leading producer of high quality extracts and sun grown cannabis, is pleased to announce following its acquisition of outdoor cultivation facilities in Midway, British Columbia, which closed in February 2024, it has entered into a lease agreement to acquire new harvesting equipment (the "Equipment") to address both the expanded cultivation footprint and growing demand for its products (the "Lease Agreement").
  • The Lease Agreement is for a term of 36 months beginning on September 1, 2024 (the "Term"), following the delivery of the Equipment to the Company.
  • The Lease Agreement is between CLC and an entity 50% owned by a director of the Company.
  • The Company’s independent board of directors reviewed and approved the Lease Agreement.

IntelGenx Enters Into a Third Amended and Restated Loan Agreement With atai Life Sciences

Retrieved on: 
Monday, March 11, 2024

Concurrently to entering into the Loan Agreement, the Company has issued 4,000,000 warrants (the “Warrants”) to atai.

Key Points: 
  • Concurrently to entering into the Loan Agreement, the Company has issued 4,000,000 warrants (the “Warrants”) to atai.
  • The Warrants entitle atai to purchase Shares at a price of US$0.17 per Share, for a period of 36 months following their issuance.
  • The shorter period was necessary in order to permit the Company to close the Loan Agreement in a timeframe consistent with usual market practice for transactions of this nature.
  • This press release does not constitute an offer of securities for sale in the United States.

BGX – BLACK GOLD EXPLORATION CORP ANNOUNCES EQUITY INCENTIVE GRANT AND DEBT SETTLEMENT AGREEMENTS

Retrieved on: 
Friday, March 8, 2024

The Options granted to directors vest 20% on grant and 40% on the first and second anniversary of the grant date.

Key Points: 
  • The Options granted to directors vest 20% on grant and 40% on the first and second anniversary of the grant date.
  • The Options granted to Officers vest 20% on grant and 20% on the first, second, third and fourth anniversary of the grant date.
  • The Options and PSUs are granted in accordance with the Company's equity incentive plan adopted by BGX’s board of directors on March 7, 2024 (the "Equity Incentive Plan").
  • The maximum number of equity incentives available for grant is 20% of the Company’s Common Shares on a rolling basis.

BetterLife’s 2-Bromo-LSD for Treatment of Depression Highlighted by Carleton University

Retrieved on: 
Monday, March 4, 2024

The article discusses the therapeutic potential of 2-bromo-LSD in treating depression.

Key Points: 
  • The article discusses the therapeutic potential of 2-bromo-LSD in treating depression.
  • BetterLife’s BETR-001 is currently undergoing IND-enabling studies and projected to enter human trials in 2024.
  • BetterLife also announces the closing of $65,000 10% convertible debentures (the “Convertible Debentures”) maturing on February 28, 2026 to further advance development of its lead compound, BETR-001.
  • The participation of Dr. Doroudian in the Private Placement will constitute a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101“).

Christina Lake Closes First Tranche of Non-Brokered Private Placement of Secured Convertible Notes

Retrieved on: 
Friday, March 1, 2024

VANCOUVER, British Columbia, March 01, 2024 (GLOBE NEWSWIRE) -- Christina Lake Cannabis Corp. (the “Company” or “CLC” or “Christina Lake Cannabis”) (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT: CLB) further to the press release dated February 5, 2024, the Company is pleased to announce that it has closed the first tranche (the “First Tranche”) of a non-brokered private placement of secured convertible promissory notes (the “Notes”) in the principal amount of CDN$1,925,000 (the “Offering”).

Key Points: 
  • VANCOUVER, British Columbia, March 01, 2024 (GLOBE NEWSWIRE) -- Christina Lake Cannabis Corp. (the “Company” or “CLC” or “Christina Lake Cannabis”) (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT: CLB) further to the press release dated February 5, 2024, the Company is pleased to announce that it has closed the first tranche (the “First Tranche”) of a non-brokered private placement of secured convertible promissory notes (the “Notes”) in the principal amount of CDN$1,925,000 (the “Offering”).
  • The Company issued convertible promissory notes (“Notes”) secured by land and buildings.
  • Outstanding principal and unpaid interest from the Note is convertible into common shares at a conversion price of $0.05 per common share during the Term.
  • Certain insiders of the Company participated in the first tranche of the Offering for an aggregate total of $1,355,000 in Notes.

Bitcoin Well Launches Customer Loyalty Program Alongside the Bitcoin Jackpot Contest and Partnership With Simply Bitcoin

Retrieved on: 
Thursday, February 29, 2024

Bitcoin Jackpot Contest is live with each entrant to the contest adding bitcoin to the Bitcoin Jackpot.

Key Points: 
  • Bitcoin Jackpot Contest is live with each entrant to the contest adding bitcoin to the Bitcoin Jackpot.
  • The Company has designed and released a customer loyalty program to incentivize certain customer behaviours and provide additional value to customers who use the Bitcoin Portal on a regular basis.
  • This will include quality bitcoin products, exclusive bitcoin products, contest entries or, of course, bitcoin.
  • The Bitcoin Jackpot Contest exemplifies the versatility and unique structure of our Loyalty Program.

Fobi AI Announces Completion of Non-Brokered Placement

Retrieved on: 
Thursday, February 29, 2024

VANCOUVER, BC, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that, further to its press release dated February 28, 2024, it has completed a non-brokered private placement offering (the "Offering") of 7,603,569 units of the Company ("Units") at a price per Unit of $0.07 for aggregate gross proceeds of $532,250. 

Key Points: 
  • I am deeply humbled and grateful for the overwhelming interest and support we have received for our listed issuer financing exemption (“LIFE”) offering.
  • As we reached the maximum eligible investment, we received a couple of large orders that unfortunately couldn't be accommodated within the LIFE offering.
  • Recognizing this demand, the parties involved approached us to explore the possibility of an additional private placement.
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .