Grey Matters Closes First Tranche of $500,000 of its Private Placement Financing
Grey Matters Health closed the first tranche of its private placement, raising CAD $500,000 from the sale of 1.25 million units at CAD $0.40 per unit. Insiders participated in the offering with CAD $184,000, constituting a related-party transaction exempt from minority shareholder approval under MI 61-101. Proceeds will fund the company’s Alzheimer’s Disease program, specifically the opening of its first U.S.
Key figures
- Deal Value Usd
- CAD $500,000
- Offering Price
- CAD $0.40
- Shares Offered
- 1250000
- Finders warrants
- 20000
- Finders fees cash
- CAD $8,000
- Insider participation
- CAD $184,000
AI analysis
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