NeutriSci closes private placement
Company intends to use the proceeds of the financing to market NeuEnergy and general working capital purposes
NeutriSci International announces that it has completed a non-brokered private placement in which it raised gross proceeds of $216,000.
In connection with the offering, NeutriSci issued 1,200,000 common shares at a price of eighteen cents per share.
All securities issued in connection with the private placement are subject to a hold period until 21 December 2015. In connection with closing, the company has paid a cash finder's fee of $7129 for subscriptions from qualified investors introduced to the company.
The company intends to use the proceeds of the financing to market NeuEnergy and for general working capital purposes.
NeutriSci's President Glen Rehman, stated: 'We are pleased with the response that NeuEnergy continues to garner both in North America and globally. Our marketing initiatives will continue to focus on the responsible nature of NeuEnergy and its ability to deliver enhanced focus and mental clarity with no sugar, no calories and no crash associated with typical energy products on the market today. We are excited to be able to provide consumers with a new and effective alternative to what's currently available in the marketplace.'