By Laura Lutz
Des Moines, Jan. 16 - Critical Outcome Technologies Inc. raised C$1 million from a private placement of units.
The company sold 2 million units of one share and one half-share warrant at C$0.50 per unit. Each whole warrant is exercisable at C$0.60 for 18 months.
Proceeds will be used for product development, research and development, and other corporate purposes.
Critical Outcome is a biopharmaceutical company based in London, Ont.
| Issuer: | Critical Outcome Technologies Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1 million
|
| Units: | 2 million
|
| Price: | C$0.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.60
|
| Settlement date: | Jan. 16
|
| Stock symbol: | TSX Venture: COT
|
| Stock price: | C$0.65 at close Jan. 16
|
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