- LeanLife Health (LLP) has closed a first tranche of a $1M private placement for proceeds of $365,000
- The company issued a total of 7,300,000 units at a price of $0.05 per unit
- The company intends to use the proceeds for general capital purposes & towards the licensing agreement/product purchase orders with Foodcare
- LeanLife Health offers high-quality omega3 plant-based oils as well as its line of Iron Energy drinks
- LeanLife Health (LLP) is unchanged on the day, trading at C$0.04 per share at 1 pm EST
LeanLife Health (LLP) has closed a first tranche of it $1 million private placement for proceeds of $365,000.
The company issued a total of 7,300,000 units at a price of $0.05 per unit.
Each unit consists of of one common share and one-half a transferrable share purchase warrant. Each whole warrant will entitle the holder to purchase an additional share at a price of $0.075 per for a 2-year period.
All the securities issued are subject to a four month statutory hold period.
The warrants are subject to an acceleration clause.
LeanLife will pay finder’s fees totalling $27,000 in cash, and 540,000 in finders warrants.
The company intends to use the proceeds for general capital purposes & towards the licensing agreement/product purchase orders with Foodcare.
LeanLife Health offers high-quality omega3 plant-based oils as well as its line of Iron Energy drinks.
LeanLife Health (LLP) is unchanged on the day, trading at C$0.04 per share at 1 pm EST.
