Cannabis-focused biotech company Beleave Inc. (CSE: BE) (OTCQX: BLEVF) this morning announced that, in reference to a previously detailed non-brokered private placement, it has received binding commitments for total proceeds of $5 million at a price of $1.75 per unit. Each unit is comprised of one common share of the company and one-half of one common share purchase warrant, valid for a period of 24 months from the date of issuance with an exercise price of $2.25, subject to certain accelerated expiry conditions. “The company is pleased to welcome a new group of investors, bolster the treasury and add to the companies working capital for future endeavours,” Andrew Wnek, CEO of Beleave, stated in the news release. The offering is subject to customary closing conditions, including CSE approval, but it is expected to close on or about April 26, 2018.
To view the full press release, visit http://nnw.fm/B5pHV
About Beleave
Beleave Inc. is a biotech company and Beleave’s wholly owned subsidiary Beleave Kannabis Corp. (formerly First Access Medical Inc.) is a licensed producer pursuant to the ACMPR. Beleave’s purpose-built facility is located near Hamilton, Ontario. For more information, visit the company’s website at www.Beleave.com
More from NetworkNewsBreaks
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]