Grey Matters Announces Increase to Private Placement Financing to $1.25 Million and Closing of Offering
Grey Matters closed the second and final tranche of its non-brokered private placement, raising total gross proceeds of CAD $1.25 million. The second tranche raised CAD $750,000 through the sale of 1.875 million units at CAD $0.40 per unit, with insiders contributing CAD $449,000. Proceeds will be used to advance the Alzheimer’s Disease program towards opening its first U.S.
Key figures
- Offering Price
- 0.4
- Shares Offered
- 3125000
- Total proceeds cad
- 1250000
- Finders warrants issued
- 70000
- Insider participation cad
- 449000
- Second tranche proceeds cad
- 750000
AI analysis
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