- CENTR Brands Corp. (CNTR) has completed the second closing of its non-brokered private placement financing
- The corporation issued an aggregate of $798,441.15 of units of the company in this closing at an issue price of $0.65 per unit
- Together with the first closing announced last month, total proceeds for both closings are $5,353,084.75
- The net proceeds of the financing will be used for growth-oriented production, continued expansion of the recently launched online channel, new product innovation, and general working capital
- CENTR Brands Corp. is one of North America’s leading functional beverage companies
- Shares of CENTR Brands Corp. were up 1.82 per cent, trading at $0.56 at 13:05 ET
CENTR Brands Corp. (CNTR) has completed the second closing of its non-brokered private placement financing.
The corporation issued an aggregate of $798,441.15 of units of the company in this closing at an issue price of $0.65 per unit.
Together with the first closing announced last month, total proceeds for both closings are $5,353,084.75. Each unit consisted of one common share and one common share purchase warrant of the company.
Each warrant is exercisable to acquire one common share of the company at an exercise price of $1.50 per Warrant Share for a period of three years following the date of issue, subject to a redemption timing adjustment in certain events.
The net proceeds of the financing will be used for growth-oriented production, continued expansion of the recently launched online channel, new product innovation, and general working capital.
The company paid a finder’s fee in connection with the sale of certain of the Units to subscribers introduced to the company by finders.
CENTR Brands Corp. is one of North America’s leading functional beverage companies.
Shares of CENTR Brands Corp. were up 1.82 per cent, trading at $0.56 at 13:05 ET.