Nutritional High to commence trading on 23 March 2015
The company closed its initial public offering on Friday 13 March 2015, raising gross proceeds of $1.645 million
Nutritional High International Inc. is pleased to announce that its common shares will commence trading on the Canadian Securities Exchange as of the opening of the market on Monday 23 March 2015. The trading symbol will be NHL.
The company closed its initial public offering on Friday 13 March 2015, raising gross proceeds of $1.645 million. Jacob Securities Inc. acted as agent.
In the Company's amended and restated final prospectus dated 13 February 2015 (the Prospectus), the company disclosed that an aggregate of 3,400,000 stock options had been authorised for issuance to certain officers, directors and consultants.
These options have now been granted and are exercisable at $0.10 per common share for a period of 5 years.
The company's board has also approved a grant of an additional 3,550,000 stock options to advisory board members and business and investor relations consultants at an exercise price of $0.10 per common share for a period of 5 years.
Following the grant of options, there are an aggregate of 10,150,000 options outstanding. In addition, as disclosed in the Prospectus, the company has issued 700,000 units of the company to FMI Capital Advisory Inc. as a success fee pursuant to the advisory agreement with FMI, and has issued 600,000 Units to the holder of the senior convertible debenture pursuant to the amended senior convertible debenture.
Each unit comprises one common share and one-half of one common share purchase warrant. Each warrant is exercisable into a common share at an exercise price of $0.07 per common share for a period of 24 months from the date of issuance (www.nutritionalhigh.com).